- The MVRV report of Shiba Inu fell below 1, which could show that the same is in the accumulation phase.
- Shib whales also bought 1 billion of shib chips within 24 hours, which could feed the rally.
Shiba Inu (Shib) organized a strong recovery after falling at six months earlier this week. At the time of the press, Shib was negotiated at $ 0,0000163 after a gain of 8% in 24 hours.
While the recent shib gains probably came from merchants buying the decline, trading volumes had dropped by 32% per Coinmarketcapshowing that demand remains low.
However, chain measures suggest that the purchase pressure could increase.
The MVRV report flashes a purchase signal
The market value ratio of Shiba Inu / Value made (MVRV) recently reached a low of 0.78, and although it has since been given to 0.84, it always signals an opportunity to purchase.
Source: intotheblock
An MVRV ratio less than 1 indicates that most salsle holders are losses. However, this drop has always marked an accumulation phase.
Historically, a recovery of the MVRV report precedes a rally, potentially causing important gains for the same. Large addresses are already intervening and accumulating the shib.
The large Netflows holder increased from -3.29 billion to 1.04 Billion. The whales accumulated more than 1 billion of sampon tokens within 24 hours.
This overvoltage marks the highest accumulation of one day by whales in almost a month. And the whales actively bought the recent dip.
Shibial price analysis
A look at the graphic of a day of Shiba Inu shows that the upward trends gain in force. The MACD line oscillated above the signal line while the histogram bars are positive, pointing towards a high purchase pressure.
The RSI also confirmed this upward thesis with the value of 56 showing that buyers control. However, the purchase of the pressure remains low, hence the unsuccessful attempt to break the resistance to $ 0.0000,169.
Source: tradingView
If Shib does not manage to violate this level of resistance, it could lead to a slowdown in the support at $ 0.0000149. On the other hand, an increase in the purchase activity could see the Altcoin objective at the Fibonacci level of 1.618 ($ 0.0000202).
Can SHIB maintain its upward trend?
For Shib Bulls to remain in control, buyers’ demand must remain strong.
In addition, whales must become more active, with the recent purchase of 1 billion of tokens showing that the same could be in the accumulation phase. ‘
Read Prix prediction of Shiba Inu (Shib) 2025-2026
At the same time, if the merchants who bought during the decrease begin to sell to minimize their losses, this could lead to a lower reversal.