Is a violent rebound for Shiba Inu Coin imminent? Holders are not selling, network activity surges, and the chance for SHIB's comeback is here!
Shiba Inu holders are showing great patience; their long-term holding indicates confidence in the coin and possibly a recognition of its recovery potential.
Recently, network activity has increased while prices have diverged, which may suggest that SHIB could have a rebound opportunity in the short term.
The support level of $0.000024 is crucial; if this level can be maintained, SHIB might rise to $0.000034. However, if it falls below this support, the price could further retreat to $0.000019.
In the past week, the price of Shiba Inu has dropped by 11%, reflecting the overall market malaise. However, unlike other tokens, this decline has not triggered a massive sell-off from SHIB holders.
From historical data, whenever SHIB holders face selling pressure, prices often plummet significantly, and in most cases, the decline exceeds this 11%. However, according to data from IntoTheBlock, since December 8, the holding time for SHIB coins has continued to grow.
