Shiba Inu (SHIB), a dog-themed cryptocurrency, is experiencing a recovery in market sentiment as the percentage of holders "in the money" rises to 40%, a significant rebound from its recent low of 18%. This indicates renewed investor confidence in the coin. The broader crypto market, including Bitcoin and Ethereum, is also rebounding, lifting altcoins like SHIB. Additionally, the announcement of a strategic crypto reserve, which includes SHIB along with other cryptocurrencies like XRP, SOL, and ADA, has sparked a rally in the market. While SHIB has seen a 4% increase, it is still down 4.1% for the week. However, if it breaks above its daily moving averages, it could signify a bullish comeback for SHIB.



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