Shiba Inu in Decline: Significant Reduction in Network Activity, Recovery Prospects are Worrying!

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Recently, Shiba Inu (SHIB) network activity has significantly decreased, with active levels dropping by 30%, raising concerns among investors. Although the SHIB price has slightly rebounded after reaching the 200 EMA support level, the current trading price is around $0.000023, facing challenges from the resistance range of $0.000025-$0.000027, and the recovery momentum appears weak.

Warning Signals from Reduced Network Activity

The decrease in network activity may indicate waning market interest, which is often associated with the following factors:

Declining trading volume

Fewer active wallets

Slowdown in operations by large holders

These trends could lead to stagnation in new capital inflows, making it difficult for the token price to maintain growth momentum.

Conflicting Signals from Technical Indicators

Although the decline in network activity is concerning, there are still some positive signals on the technical charts:

Slight rebound in trading volume, indicating that speculative funds may be refocusing.

The rebound from the 200 EMA suggests effective support, and short-term bullish sentiment remains.

If SHIB can break through the current resistance level, the price may attempt to challenge $0.000030; conversely, if it falls below $0.000022, it may retest $0.000020.

Future Outlook: Reviving Interest is Key

Despite the price rebound, the ongoing decline in network activity poses a threat to long-term upward momentum. Only by stimulating investor enthusiasm and promoting on-chain transaction activity can Shiba Inu potentially break free from its slump. Otherwise, the market may face further consolidation or even a correction.

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