Last week, Shiba Inu (SHIB) recorded a remarkable rise, gaining 12.77% in value. However, the continuation of this upward trend may be in danger. Market data shows that many SHIB investors who benefited from the recent price increase are now preparing to sell their holdings. Examining the Bid-Ask Spread, it appears that the selling volume is higher than the buying requests, indicating possible downward pressure on the SHIB price.$SHIB

Examining the Average Coin Age Indicator

Average Coin Age (MCA), an important metric that shows the average age of all tokens on a blockchain, is trending upward for SHIB. Currently the 90-day MCA is up from 33.60 to 35.10. This increase shows that older tokens are moving to new wallets and many investors are selling. Increased selling activity is often associated with potential price declines, increasing the risk that the SHIB price could drop to around $0.000014.

SHIB's Network Growth, i.e. the number of new addresses involved in transactions, is also decreasing. A decreasing Network Growth indicates decreasing adoption and traction within the Shiba Inu ecosystem. This downward trend raises additional concerns about SHIB's price stability and highlights the importance of monitoring these metrics for future price predictions.

MVRV Ratio Analyzes

Despite worrying signs in other indicators, SHIB's 30-day Market Value to Realized Value (MVRV) Ratio is increasing. This metric shows investors' profitability and reveals that more investors benefited from the recent price increase. However, this upside brings short-term risks as profit taking could put further downward pressure on the SHIB price.

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