The price of Shiba Inu (SHIB) has surged by 65% in the past week, attracting attention from retail and institutional investors. However, there has been a sharp pullback, raising concerns about the behavior of long-term holders (LTHs). The "age consumed" metric, which tracks movement of coins held for extended periods, has surged to its highest levels since March, indicating significant activity among LTHs. This uncertainty suggests that LTHs may no longer be confident in SHIB's short-term outlook. Additionally, active deposits have decreased, indicating fewer investors are looking to sell their holdings in the immediate future. The current price is $0.00002411, down 13% over the past 24 hours. If the key support level at $0.00002267 holds, SHIB may start trending upwards again, with the next resistance target at $0.00002976. However, a break below this support level could lead to further downward pressure, potentially invalidating the bullish outlook.



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