Shiba Inu continues to present a mixed picture, with its price largely unchanged. On-chain activity shows notable accumulation at a crucial level.
Current Status of Shiba Inu
Currently, Shiba Inu is managing at a price of $0.00002226 and showing a lack of market momentum. The asset faces challenges in breaking through a significant resistance level located just above the current price.
Analysis of Accumulation Zone
The market has identified a significant accumulation zone in the $0.000021-$0.000022 range, with over 64 trillion SHIB concentrated and held by approximately 30,800 addresses.
Potential Development Scenarios
The future movements of SHIB may depend on a retest of the $0.000022 level. A recovery scenario up to $0.000024 or higher becomes conceivable if the accumulation level is maintained, which could revive investor interest.
The established accumulation zone could play a crucial role in SHIB's future movement. Monitoring the dynamics at the $0.000021-$0.000022 level is key to understanding future trends.
