📉 SHIB has struggled but could soon see a major rebound as key indicators turn bullish. Despite falling active addresses and social mentions, on-chain metrics suggest a comeback is possible.
🐳 Whale Accumulation & Address Activity
SHIB's active addresses dropped 23% in a week, yet whales hold 58% of all tokens. A whale recently bought 275B $SHIB , signaling confidence in a price recovery.
🚀 Shibarium Growth Fuels Bullish Sentiment
Shibarium transactions soared past 863M, heading for 1B in Q1. With more usage, SHIB burns increase, reducing supply and boosting long-term value.
📊 Technical Indicators Suggest Reversal
SHIB’s RSI has dropped to 36, nearing the oversold zone. The last time this happened, SHIB surged 200%. A falling wedge breakout could push the price 80% higher to $0.00003325.
⚠️ Key Levels to Watch
A move below $0.000016 could invalidate the bullish outlook. Holding above this level could set SHIB up for a massive rally in February.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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