The price of Shiba Inu (SHIB) has dropped 11% in the past week, but unlike other tokens, this decline has not caused a mass sell-off among SHIB holders. On the contrary, the holding time for SHIB has been increasing since December 8, indicating bullish sentiment as holders refuse to sell or move their tokens. This rise in holding time suggests a potential rebound or consolidation for SHIB in the near term. Additionally, the price-Daily Active Addresses (DAA) divergence has surged to 33.65%, indicating rising network activity and the possibility of SHIB's price surpassing $0.000027 in the coming days. The Accumulation/Distribution (A/D) indicator also suggests rising buying pressure for SHIB, but the support at $0.000024 needs to be defended for the price to rally towards $0.000034. However, if the support is breached, the price could drop to $0.000019.



Other News from Today