Is Shiba Inu\'s Sluggish Phase Set to Persist? Analyzing SHIB\'s Current State
Shiba Inu (SHIB) investors are keenly watching market movements, wondering if the token\'s current sluggishness will continue. Recent analyses suggest a complex picture, with both potential for recovery and ongoing challenges. This article delves into the factors impacting SHIB\'s price and what the future might hold.
Shiba Inu in an Accumulation Phase? Signs of a Potential Reversal
The Shiba Inu (SHIB) token is currently exhibiting patterns indicative of an accumulation phase. This phase is characterized by a gradual acquisition of assets before a potential price surge. The technical and on-chain metrics convergence suggests that Shiba Inu is in an accumulation phase. This phase, if confirmed, could signal a future price increase as demand slowly outpaces supply.
Technical analyst “The Krypto King” recently announced on X that Shiba Inu’s prolonged downtrend, which began in late 2025, is coming to a close. He emphasized that SHIB is building a base for a potential breakout. This optimistic viewpoint is supported by certain technical indicators, hinting at a shift in momentum.
Challenges Remain: Selling Pressure and Investor Caution
Despite the positive signals, Shiba Inu faces ongoing hurdles. Hace 1 día Shiba Inu Struggles for Direction as Billions of SHIB Tokens Hit Exchanges. SHIB traded between $0. and $0. amid investor caution and a wave of token releases on exchanges. This influx of tokens can increase selling pressure, hindering price appreciation.
The reduced selling pressure highlighted by the MVRV ratio provides some counterweight, suggesting that current holders are less likely to sell at a loss. However, overall market sentiment and the performance of Bitcoin often heavily influence altcoins like Shiba Inu.
Waning Phase: A Period of Reduced Momentum?
As highlighted in a recent article, Shiba Inu would find it challenging to progress on its price front until 14 June, for it is currently in its ‘waning’ phase. The same was observed across various technical indicators, pointing to a period of lower volatility and potentially sideways price action. This "waning" phase may contribute to the feeling of sluggishness experienced by SHIB investors.
The Verdict: A Cautiously Optimistic Outlook
While Shiba Inu is currently navigating a complex landscape, the signs of an accumulation phase offer a glimmer of hope. The balance between potential buying pressure and ongoing challenges, like token releases, will determine whether SHIB can break free from its current sluggish phase. Investors should closely monitor technical indicators, on-chain metrics, and overall market sentiment to make informed decisions.