Analyst Joey Keasberry highlights Shiba Inu's chart as one of the most unreal he's seen, signaling the potential for an imminent breakout.
Shiba Inu (SHIB) maintains a wide consolidation range with minor price fluctuations, priced at $0.0000145 as of May 21, 2025.
Market analysis suggests that SHIB may be in a deeper accumulation phase rather than a typical downtrend, reflecting long-term market engagement despite short-term volatility.
On-chain data reveals a shift in SHIB's holder base with whale wallets increasing holdings by 1.58% in the last 30 days, while retail and mid-level investors have reduced exposure, possibly indicating reduced retail confidence amidst sideways price action.