Shiba Inu Price on the Cusp of Breakout Two Metrics Indicate a Major Move
Shiba Inu price (SHIB) is poised for potential record highs as two crucial on-chain metrics suggest a significant breakout could be imminent. Recent data indicates that the meme coin has entered an accumulation phase, a phase where buying pressure typically leads to price surges. This accumulation phase often signifies a resurgence of bullish momentum, as traders anticipate upcoming growth. Investors interested in Shiba Inu should monitor these metrics closely. If the price trends in favor of growth, it could spark a renewed interest among traders, potentially leading to significant price increases. The space for meme coins remains competitive, and understanding these signals can provide an advantage in navigating the market.