The general cryptography market has been faced with significant opposite winds this week, with the best parts even among the hardest.
However, the main same Asset Shiba Inu is witnessing a significant change in the behavior of investors. Shiba Inu holders increase their average maintenance time, signaling confidence in the long -term potential of the assets.
The sale pressure is dashed while Shiba Inu holders take control
The data on the chain revealed a peak in the maintenance time of all Salogner The pieces have transformed over the past seven days. According to Intotheblock, metrics climbed 31% during this period.
The maintenance time of the parts transformed by an asset measures the average duration of its tokens before being sold or transferred. During time maintenance, this indicates that investors choose to hold their parts rather than selling, suggesting confidence in the The future value of the asset.
This has happened in the middle of the constant decline in the value of Shib in the past few days. Exchange at $ 0.0000146 at the time of the press, The price of the memes play has dropped 7% since the start of the week. If SHIB holders remain resilient and increase their maintenance times, this can help reduce sales pressure on the salter market, which increases its short -term value.
In addition, during the review period, the number of important transactions involving Shib has increased, signaling increased activity of the institution players and whales. According to intotheblock data, large transactions – those exceeding $ 100,000 – increased significantly. During last week, the daily statement of these transactions increased by more than 200%, highlighting a renewal of interest on the part of the main investors.
Shib at the crossroads: Breakout Ahead or still decline?
With an increase in maintenance time and an increase in daily transactions, the recent SHIB losses could be short -lived.
Depending on the readings of its Fibonacci retracement tool, if these bullish signals persist, the meter piece could break over the downward trend line which has maintained its declining price since early December. A violation of this level of long -term resistance could Propel Shib’s Price at $ 0.0000166.
Conversely, if the decline persists, the price of shib could break below the support at $ 0.0000140 and Trade at $ 0.000010.
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