Can Shiba Inu Repeat Its Historical Surge? Check out the Latest Analysis!

Jakarta, Pintu News – Shiba Inu (SHIB) is currently above the key demand zone of $0.00001413, showing potential for a rebound after the rejection of the latest local peak at $0.00001764. Despite the price drawdown that raised concerns, the price structure is still showing bullish signals. This zone has historically proven to be a strong area to trigger buyer interest.

Stochastic RSI Indicator Shows Potential Recovery

The stochastic RSI of SHIB shows that the asset is approaching oversold territory, which is often interpreted as a sign of price recovery. This, along with the strong demand zone, provides an opportunity for SHIB to recover soon.

In the past, severely oversold Stochastic RSI levels were often followed by price recoveries, especially when backed by solid support zones. The combination of these technical indicators adds weight to SHIB’s recovery prospects. If the current demand zone can trigger a reversal as it did in the previous cycle, there is a high probability that SHIB will experience a price increase in the near future.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Analysis of Network Activity Versus Inflow to the Exchange

Data from CryptoQuant shows a decline in the number of Active Addresses since May 11, from over 5,000 to nearly 3,200. This drop could signal reduced demand or declining retail participation. However, this situation is contrasted with the sharp spike in Inflow into the Exchange in the last 24 hours.

Although inflows into the exchange do not necessarily indicate bullish sentiment, in this context, along with the demand zone and RSI readings, the inflows may indicate accumulation rather than selling pressure. This suggests that despite the decline in network activity, there is still enough interest to keep prices above the key zone.

The Dynamics Between Technical and Fundamental

Currently, there is a tug-of-war between bullish technical signals and bearish network activity. However, the price seems to be more responsive to positive on-chain developments. As long as SHIB can maintain support in the $0.00001413 zone, the path of least resistance will probably remain directed upwards.

This suggests that even if the network fundamentals show some weakness, strong technical signals can be enough to drive price recovery. Investors and traders may need to pay attention to these two aspects to make the right investment decisions.

Conclusion

Considering the strong technical indicators and the dynamic inflow into the exchange, SHIB has the potential to experience a price recovery despite concerns about a decrease in network activity. The current demand zone plays an important role in determining the next price direction. Market watchers should continue to monitor these two aspects to gauge the potential future price movement of SHIB.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Can Shiba Inu repeat its historic rally as SHIB hits key demand zone?. Accessed on May 19, 2025
• Featured Image: Generated by AI