The cryptocurrency Shiba Inu (SHIB) has experienced a slight price rebound, indicating that the downward trend may be coming to an end. Despite this recovery, data suggests that the rebound might be short-lived. Currently, 14.58% of the total supply of SHIB is in profit, while the majority of tokens are out of profit. The accumulation distribution indicates the presence of a significant sell wall ahead, with a price range of $0.000015 to $0.000019 posing a major challenge for SHIB's recovery. However, positive ecosystem fundamentals, such as the Pectra Upgrade, may drive adoption and impact the price of SHIB in the future. Additionally, a significant number of SHIB tokens have been permanently burned, increasing scarcity.



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