Shiba Inu ($SHIB ) has been making waves in the crypto market with its unique signals and patterns. Despite recent price drops, bullish trends indicate the token could be gearing up for an exciting rally! Letâs break it down:
---
đ Low MVRV Ratio: A Bullish Indicator
đ 30-Day MVRV Ratio: -19.43% (undervalued).
đĄ This means most holders are running at a loss, reducing sell pressure as investors are less likely to sell at a loss.
đ A rise in the MVRV ratio could spark an accumulation phase and a short-term price boost.
---
đ Whale Activity Signals Confidence
đ° Large wallets (10Bâ100B SHIB) are actively buying during dips, showing long-term faith in the token.
đ Retail wallets (100Mâ1B SHIB) remain stable, emphasizing the whalesâ key role in market trends.
---
đ Sell Walls and Transaction Insights
đ 362B SHIB tokens held by 270 addresses are currently in the red, forming a potential sell wall.
â ïž Overcoming these sell walls could unlock massive price momentum.
---
đ Price Predictions from Experts
Hereâs what the analysts are saying:
1ïžâŁ âDollars Makerâ predicts a 235% surge, with key targets at:
$0.00003339
$0.00004566
2ïžâŁ Klejdi Cuni highlights a bullish pattern and support at $0.00002424:
đŻ Price could jump 25.6% to $0.00003232.
3ïžâŁ Pouyan TradeFX notes a multi-year trendline:
đ„ Breaking above it could lead to a 100% rally to $0.000074.
4ïžâŁ Sherif forecasts SHIB breaking its all-time high (ATH) of $0.00008654 before this cycle ends.
---
đ Current Market Overview
Price: $0.00002157 (đ» 0.53% in 24 hours).
Market Cap: $12.7 billion.
24-Hr Volume: $671.91 million.
---
âš Why SHIB Could Shine Again
đ Strong support at $0.00002424.
đ Whale confidence fuels momentum.
đĄ Breaking key resistances could trigger an explosive rally.
With the right market conditions, Shiba Inu is well-positioned for significant growth. Keep an eye on these key levels and trends, as they could shape
SHIBâs exciting future!
â ïž Disclaimer: Always research thoroughly and invest wisely!
