Shiba Inu Investors Holding Strong, Long-term Holders Increase
Recent on-chain data analysis reveals that Shiba Inu (SHIB) investors are holding onto their tokens for longer periods of time, indicating optimism about future projects. The number of long-term holders has reached an all-time high, with 69.16% of total SHIB wallet addresses being held long-term. This increase in long-term holders is a bullish signal and suggests that existing network participants are committed to the Shiba Inu ecosystem. As a result, SHIB is expected to maintain higher support levels and attract new investors.
Whale Investors Joining the SHIB Rally
The growing optimism among long-term holders has attracted whale investors, leading to a surge in SHIB whale transactions. Large institutional investors are showing confidence and optimism in the Shiba Inu project, which provides market liquidity and boosts the confidence of retail investors. The involvement of whale investors could facilitate a sustained price rally.
SHIB Price Prediction: Consolidation and Potential Upswing
Based on the bullish indicators, SHIB is likely to consolidate around the $0.000009 territory and avoid a large correction. The Global In/Out of Money (GIOM) data supports this prediction, showing that a significant number of addresses have bought SHIB at an average price of $0.000009. If these holders remain committed to holding long-term, it could trigger another upswing. However, if the support level at $0.000009 breaks, SHIB could retrace toward $0.000008. Alternatively, if SHIB breaks above the $0.000014 resistance, it could rally toward $0.000015.
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