Shiba Inu (SHIB) has faced volatility and challenges but appears to be stabilizing as large holders accumulate more tokens. This could prevent further decline for SHIB.
The netflow of large SHIB holders increased by 265% in the past week, indicating substantial investment in the cryptocurrency. This trend might drive a price recovery if it continues.
Currently, SHIB is priced at $0.000013, marking a 46.58% decline over 90 days. Nonetheless, its Sharpe ratio has improved from -4.52 to 0.58, suggesting a potentially better return on investment under stable market conditions.
SHIB’s daily chart shows a potential uptrend if it maintains a support level at $0.000012. A rise to $0.000016 is possible, though future gains hinge on continued accumulation by large holders.
A highly bullish market could see SHIB rally to $0.000020. However, if major holders stop accumulating, the price might fall to $0.000010.
