Shiba Inu ownership times rise amid market downturn, suggesting potential path to price recovery

• Shiba Inu (SHIB) is showing resilience amid recent market volatility, as holders show more confidence and longer holding periods.

• Increasing network activity coupled with continued price divergence could indicate a potential rebound for SHIB in the long term.

• Key support at $0.000024 is crucial; maintaining this level could move SHIB towards $0.000034, while breaking the downside risk to $0.000019.

Shiba Inu shows signs of recovery with the confidence of improving keepers; key price levels are key to future trends. Will SHIB be back soon?

Shiba Inu keepers remain optimistic amid market uncertainty

Even as the Shiba Inu price has decreased by 11% in the past week, mimicking the larger market trends, the response from keepers has been very different. Historically, large drops in prices often stimulate wholesale selling, but this decline has not led to selling among SHIB holders, indicating a level of stability and stability.

According to data from IntoTheBlock, hope can be seen in the increase in the SHIB Coin Holding Period from December 8. An increase in this value indicates that holders are confident about SHIB's future potential, choosing not to move their tokens during downturns.

On the other hand, declining holding periods usually indicate a lack of confidence, prompting holders to liquidate their assets when prices fall. The current situation indicates increasing confidence among SHIB investors, perhaps setting the stage for a recovery.

The steady increase in holding times could increase the Shiba Inu's chances of recovering prices. Additionally, tracking daily active address (DAA) trends helps identify on-chain activity and user sentiment.

A strong price-DAA differential indicates greater consumer participation, which is historically associated with price increases. Currently, SHIB is displaying positive DAA activity, indicating a potential trend.

With Santiment data showing a 33.65% increase in the price-DAA differential, bullish sentiment indicates that if these trends continue, SHIB will see prices rise past $0.000027 soon.

SHIB Price Forecast: Can It Come Back?

The Accumulation/Distribution (A/D) indicator has risen on the SHIB daily chart, combining price action and trading volume to assess accumulation or selling trends.

Ascending the A/D indicator indicates that buying pressure is overweighting selling, indicating potential support for SHIB price around $0.000024. For a rebound to $0.000034, this support must hold.

In conclusion, maintaining the $0.000024 support level is crucial for Shiba Inu's recovery path. If successful, it could pave the way for a supportive move towards $0.000034. However, a fall below this key support may signal a downward move, with potential targets near $0.000019 in place.

Decision

As the Shiba Inu navigates these turbulent waters, the strong communication among keepers and increasing activity levels provide a glimmer of hope for recovery. Investors closely monitor these key support levels as indicators of future market behavior.