Shiba Inu (SHIB), the popular memecoin, appears to be navigating a period of subtle yet significant shifts in its underlying market dynamics. Recent on-chain data suggests a quiet accumulation phase, with long-term holders demonstrating strong conviction and a notable outflow of tokens from exchanges. This behavior could be setting the stage for a potential price rebound, challenging the ( $0,000015 ) mark once more.
Unwavering Conviction Among Long-Term Holders
A key indicator of investor sentiment is the “Age Consumed” metric, which tracks the movement of previously dormant tokens. For (SHIB), this metric has seen a dramatic drop of 99,7% since mid-June, plummeting from an earlier peak to just ( $4,7 ) trillion. This substantial decline signals that older (SHIB) tokens are remaining untouched, indicating that long-term holders are choosing to HODL (hold on for dear life) rather than selling their assets into recent price rallies.
Historically, sharp spikes in Age Consumed have coincided with (SHIB)’s price peaks, suggesting profit-taking by established investors. However, in July, even as (SHIB) briefly touched ( $0,000015 ), these veteran wallets remained largely inactive. This newfound dormancy points to a growing conviction among the holder base, significantly reducing the risk of a mass sell-off from legacy investors and potentially providing a more stable foundation for future price movements.
Exchange Outflows Signal Reduced Selling Pressure
Complementing the inactivity of older tokens, (SHIB) has also experienced a steady decrease in its supply held on centralized exchanges. From July 22 to July 25, the Exchange Reserve metric dipped from 84,55 trillion to 84,35 trillion (SHIB), representing a net outflow of 200.000 millones (SHIB) in just three days. While this movement is modest, it suggests that some investors are transferring their tokens off exchanges, likely into self-custody wallets.
Such withdrawals are typically interpreted as a reduction in immediate selling pressure, as tokens held in personal wallets are less likely to be traded impulsively. This often precedes periods of price stabilization or gradual accumulation. When combined with observed whale activity, such as a recent addition of 2.580 millones (SHIB) by a large holder, these outflows could indicate a strategic positioning by significant investors, potentially laying the groundwork for (SHIB)’s next significant price leg.
Cooling Momentum, but Key Support Holds
Following a brief rally above ( $0,000015 ), (SHIB) faced a pullback but has since stabilized near the ( $0,000014 ) mark. The Relative Strength Index (RSI) currently stands at 55,88, reflecting neutral momentum—neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows a weakening bullish crossover, hinting at a deceleration in upward momentum.
Despite these cooling technical indicators, (SHIB)’s price has demonstrated resilience, successfully holding above its critical July support levels. This ability to maintain key price floors, even amidst profit-taking, is a positive sign. Should renewed buying pressure emerge with conviction in the coming days, (SHIB) may be poised for a more sustainable upward trajectory, making another push towards the ( $0,000015 ) threshold. The current quiet phase could be the calm before a potential resurgence.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always conduct thorough research before making investment decisions.
