Shiba Inu (SHIB) is currently experiencing a prolonged downtrend, significantly impacting investor confidence and participation. Since March, the persistent decline in value has led to reduced trading volumes and market activity.
This downturn presents a potential accumulation opportunity for investors, as indicated by the Market Value to Realized Value (MVRV) ratio, which currently stands at -8%. Historically, an MVRV between -8% and -18% suggests the start of recoveries and rallies.
If accumulation efforts succeed, SHIB could see a bullish momentum, potentially pushing the price toward $0.00001473. However, failure to breach this level could lead to continued consolidation and invalidate the optimistic forecast.
