The price of SHIB has been increasing, with a rise in its 7-day MVRV ratio indicating many holders are in profit. However, whale activity has been cautious with limited accumulation, which may limit further price gains. The EMA lines are bullish, but strong resistance lies ahead. The recent rally may face challenges sustaining momentum. The MVRV ratio spike suggests profit-taking behavior and potential for a price correction. Historical data shows major pullbacks when the MVRV ratio exceeds certain levels. Whales have offloaded SHIB in the past and their recent accumulation has been modest, indicating potential instability or lack of confidence in the rally. The EMA lines show a bullish trend, but strong resistance levels need to be broken for further gains. If the MVRV ratio and cautious whale activity continue, there is a risk of a reversal in the upward trend and a potential bearish shift in market sentiment.



Other News from Today