The article discusses the current state of Shiba Inu (SHIB) and its potential for a price recovery. Despite recent struggles and consolidation, indicators such as the Market Value to Realized Value (MVRV) ratio and the Moving Average Convergence Divergence (MACD) suggest that SHIB could soon regain upward traction. The MVRV ratio entering the opportunity zone historically signals price reversals and encourages investors to accumulate at lower levels, reducing selling pressure. Additionally, the MACD indicator is nearing a bullish crossover, indicating a shift from negative to positive momentum. If SHIB can break key resistance levels and maintain support, it could begin a new rally. However, if bearish momentum continues, caution should be exercised.
- Content Editor ( beincrypto.com )
- 2025-01-01
Shiba Inu (SHIB) Eyes Recovery: 2 Indicators Suggest Upward Momentum Ahead