- The percentage of the MVRV MVRV ENO decreased to less than 1, which may appear that the mechanics are in the accumulation stage.
- The SHIB whale has also bought 1 trillion shrimp symbols within 24 hours, which may provide the gathering.
Sheba Eno [SHIB] A strong recovery was launched after it decreased to the lowest level in six months earlier this week. At the time of the press, SHIB was trading at $ 0.0000163 after earning 8 % in 24 hours.
While the recent gains of Shaib came from traders who buy the decline, trading sizes have decreased by 32 % for each CoinmarketcapShow that the request is still weak.
However, the scales indicate the series that the purchase pressure may rise.
The MVRV ratio is filled
SHIBA Inu’s market value has recently decreased to the value of the achieved value (MVRV) recently to the lowest multi -month level at 0.78, and while he has recovered since then to 0.84, it still indicates an opportunity to buy.
Source: IntTHEBLOCK
The MVRV percentage is less than 1 indicates that most SHIB holders are in losses. However, this decrease may always represent the stage of accumulation.
Historically, the recovery in the MVRV ratio precedes a gathering, which may lead to great mechanical gains. Large titles already enter and accumulate graying.
The large Netflows increased from 3.29 billion to 1.04 trillion. The whales accumulated more than 1 trillion shrimp symbols within 24 hours.
This increase represents the highest accumulation of one day by whales in nearly one month. The whales were actively bought.
Shayb prices analysis
A look at the gray chart of Jiba Eno for one day shows that upward trends are gaining strength. The MACD line was fluctuating over the signal line while the chart tapes were positive, indicating high purchase pressure.
RSI also confirmed this upholstery of 56, which turned out that buyers control. However, the purchase pressure is still weak, so the failed attempt to break the resistance at $ 0.0000169.
Source: TradingView
If SHIB fails to violate this resistance level, this may cause a decline towards support at $ 0.0000149. On the other hand, the high purchase activity can see Altcoin’s goal at 1.618 Fibonacci ($ 0.000022).
Can Shib maintain its upward direction?
In order for the bulls to control control, the buyer’s request must remain strong.
Moreover, whales need to become more active, with the last purchase of 1 trillion symbol that shows that the mechanics can be in the accumulation stage. ‘
Read Sheba Eno [SHIB] Price 2025-2026
At the same time, if the traders who bought during the DIP start selling to reduce their losses, this may lead to a declining reflection.
