Shiba Inu is back on traders’ radar with its recent price movement. The meme coin has grown over 15% in the past week and is currently trading around $0.00001364.
Stability of Long-Term Holders
The Age Consumed metric, which tracks the movement of older coins, remains at cycle lows, a strong bullish sign. This indicates that long-term SHIB holders are not selling into this rally. Historically, spikes in Age Consumed coincide with price tops, as seen in late 2024.
Increase in Shiba Inu Holders
The number of SHIB holders continues to rise, now reaching 1.52 million wallets. This steady increase began after the November 2024 price peak, signaling that holders may be expecting higher coin prices.
Price Levels and Predictions
SHIB's price chart indicates a potential rally of 46%. The current price is testing the $0.00001376 mark, just above the key 0.382 retracement level. If bulls hold above $0.00001320 and push past $0.00001463 and $0.00001588, the next big target could be $0.00001747, leading to the psychological level of $0.000020.
Currently, with low Age Consumed, an increasing number of wallets, and aligned Fibonacci targets, Shiba Inu price appears poised for its next upward leg.