As Shiba Inu reaches a critical demand zone, will it be able to replicate its historic rally?
Interestingly, a significant increase in exchange inflows over the past day is countering this SHIB pessimistic mood.
The influx might indicate that traders are setting up for future price movements. Currently, bearish network activity and bullish technical signs are engaged in a tug-of-war.
As of right present, price movement appears to be more sensitive to the favorable on-chain developments.
The path of least resistance might continue to go upward as long as SHIB maintains its ground on the $0.00001413 support zone.