Recently, Shiba Inu has faced a noticeable decline in value, leading to changes in trader behavior. Let's discuss the key trends and future prospects for the asset.
SHIB Exchange Reserves
According to exchange data, Shiba Inu's reserves have reached an all-time low of 93.573 trillion tokens, representing only 15.88% of the total supply. This indicates that traders are withdrawing their tokens from exchanges, suggesting a trend towards long-term holding.
Price Targets and Resistance Levels
After reaching a support level of around $0.00001201 on March 14, 2025, Shiba Inu's price recovered by approximately 10% to $0.00001322. Analysts suggest that the price could reach $0.000081, supported by technical indicators and increasing buying pressure.
Long-term Prospects and Market Dynamics
The increase in long-term investors and positive technical indicators are encouraging signs for the asset's future. Traders are closely monitoring Shiba Inu's recovery, considering market dynamics and global changes.
Despite the recent decline, Shiba Inu shows potential for recovery. Long-term trends such as reduced exchange reserves and the growth of long-term holders suggest the possibility of further strengthening.
