The Shiba Inu price has remained stable over the last day, experiencing a slight decline of 1.5% and settling around $0.000013. Weekly losses are at 15.4%, reflecting a broader altcoin correction. However, various on-chain indicators suggest that the SHIB downturn may be losing momentum. Notably, exchange reserves are decreasing, whales are accumulating more tokens, and there’s a significant reduction in the movement of older tokens, hinting at a possible price recovery. The Age Consumed metric, which tracks older SHIB token movements, shows a drastic decline of 99.7% since mid-June, indicating long-term holders are not selling. Additionally, SHIB's exchange reserves have dropped, suggesting tokens are being moved to cold storage, which reduces selling pressure. Whale activity has also increased, with significant accumulation observed. Currently, SHIB is at a crucial price point near $0.000013, and maintaining this level could validate the rebound theory, while a drop below could negate it. Read more AI-generated news on: https://app.chaingpt.org/news