The price has witnessed $SHIB

Sideways trading in the past twenty-four hours, declining slightly by 1.5%, hovering around the $0.000013 level. Weekly losses are still at 15.4%, part of a broader correction for alternative currencies.

But behind the scenes, multiple on-chain metrics indicate that Shiba Inu's collapse may be losing momentum. From declining trading reserves to whales acquiring more tokens, and the massive drop in old token movement, it seems a price recovery for Shiba Inu is possible.

Age Consumed Index drops by 99.7%: Is there trust in the currency holder?

The Age Consumed Index tracks the movement of old tokens $SHIB ; essentially, these are currencies that have not moved for a long time. This metric rises when long-term holders of currencies start to transfer or sell their assets.

Historically, the peak price of Shiba Inu in May and June coincided with spikes in the Age Consumed Index. But this time, it's different.

Shiba Inu price and the consumed age metric:

Although Shiba Inu peaked locally at around 0.000015 earlier this month, the consumed age metric has not declined significantly. So far, it has dropped to only 13.92 trillion. This represents a decrease of 99.7% from mid-June levels, when the price was around $0.000012.

This decline indicates that long-term investors are still holding their positions. There are no significant sell-offs from old wallets, which often lead to deeper corrections. Instead, the absence of old token movement shows confidence, and it might be the basis for the next $SHIB recovery.

The consumed age is calculated by multiplying the number of moving tokens by the number of days since their last movement. A sharp rise indicates the disposal of old currencies. A decline, as with Shiba Inu, means long-term investors are not selling.

Trading reserves declined while whales added 2.57 billion from #SHİB

While the consumption of old currencies shows the survival of their old holders, trading reserves indicate tokens leaving centralized exchanges. SHIB reserves fell from 84.55 trillion on July 22 to 84.35 trillion on July 25; representing a net outflow of 200 billion SHIB in three days.

This trend indicates that investors are transferring tokens to cold storage, easing selling pressure, although the numbers are not significantly high.

Shiba Inu price and declining trading reserves

Whales are experiencing significant activity. According to Nansen data for 30 days, whale wallets have increased their holdings by 2.58 billion Shiba Inu, equivalent to about $38,651 at current prices. The total supply held by whales is now 107.45 billion Shiba Inu.

This kind of continuous whale buying usually indicates quiet accumulation.

SHIB

Consumption of Shiba Inu by whales:

The decline of Shiba Inu on exchanges means a reduced risk of dumping. The increase of Shiba Inu in whale wallets indicates strong buying. These trends combined suggest support for the Shiba Inu price floor near its current levels.

Shiba Inu price maintains a key support level; Fibonacci indicates a rebound area

Shiba Inu's price currently hovers around $0.000013, a critical area. When we draw a Fibonacci retracement from the June low of $0.000010 to the swing high of $0.000015, the $0.000013 area falls at the 0.5 level.

Shiba Inu price analysis

If Shiba Inu maintains the $0.000013 level, even with a recovery to $0.00001371, the rebound hypothesis may be fully realized.

However, a drop below $0.000013 could negate this optimistic outlook, driven by increased foreign reserves and/or a rising consumed age index.

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