Shiba Inu (SHIB), a leading meme asset, is experiencing a change in investor behavior as holders are increasing their average holding time, indicating confidence in its long-term potential. On-chain data shows a 31% increase in the holding time of all SHIB coins transacted in the past seven days. Despite the recent decline in SHIB's value, the rise in holding time suggests that investors are choosing to hold onto their coins rather than sell, which could help reduce selling pressure and drive up SHIB's value in the short term. Additionally, there has been a surge in large transactions involving SHIB, indicating increased activity from institutional players and whales. If these bullish signals continue, SHIB could break above its descending trendline and potentially reach a price of $0.0000166. However, if the decline persists, SHIB's price could fall below support at $0.0000140 and trade at $0.000010.



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