Is Shiba Inu (SHIB) Set for a Bullish Rally? Insights on Current Market Trends
Thursday, 11 April 2024, 22:00
Investor Sentiment: Shiba Inu Holders Show Conviction
Shiba Inu investors demonstrate strong hodling behavior, with a majority refraining from selling and opting to hold on to their assets.
Active Addresses by Profitability
- Less than 18% of investors are conducting transactions on the network.
- SHIB holders are focused on gaining unrealized profits rather than selling.
Supply Distribution: Shift to Mid-Term Holders
Recent data indicates a movement of SHIB supply from short-term to mid-term holders, reflecting a growing interest in holding for longer durations.
Key Price Prediction
- SHIB attempts to break a symmetrical triangle pattern, with a potential target of $0.00004148.
- A key resistance level at $0.00003599 may influence price movement.
- Failure to breach key levels could lead to a decline in price, potentially impacting the bullish outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.