The short-term holders of Shiba Inu (SHIB) are increasing, suggesting new investments and potential market recovery. Despite recent bearish signals, the growing number of short-term holders indicates resilience and possible demand. However, conflicting on-chain signals show a decrease in whale activity and cautious investor behavior. Technically, SHIB is at a critical point between price levels, with a potential downward trend below a certain level or an upward trend above another level. The improving short-term holders' metric offers hope for SHIB's comeback, but patience and further market support are needed for it to break resistance levels and attract more capital.



Other News from Today