Shiba Inu Price May Surge to $0.000012 Amid Increased Capital Inflows

Why SHIB Could “Fly to the Moon”

Though some holders are counting their losses, SHIB may be on the verge of stepping on the gas pedal. The network’s profitability has declined, but a bounce from recent lows may be imminent. The price of SHIB could rise to $0.000012 if capital inflows increase.

Network Realized Profit/Loss Valuation

At the time of going to press, Shiba Inu’s network realized profit/loss had dropped to -83.49 million. This metric tracks capital inflows and outflows as well as trends in network profitability. Progressively positive values indicate capital inflows and realized chain gains. But when this happens, it increases the likelihood of reaching a local top. In this case, the price of SHIB could fall as demand may decrease. However, the negative reading of the network realized profit/loss indicates high capital outflows. Moreover, deep low values of the metric could trigger a rebound. Therefore, SHIB could swing higher than $0.00001.

SHIB’s Recovery and Possible Catalysts

SHIB’s recovery to $0.00001 has happened just recently. Our observation shows that the negative reading of Network Realized Profit/Loss has triggered part of the rise. However, the coin attempted to reach $0.000011 in the same period but failed to do so as the bears forced a rejection. It’s important to note that the metric alone can’t determine whether SHIB will “fly to the moon” or not. Therefore, we deemed it necessary to analyze other possible catalysts. One indicator we checked was the Shiba Inu burn. SHIB burning occurs when some of the tokens are removed from circulation. Typically, this destruction is meant to stabilize the value and potentially increase the price. At the time of going to press, the amount of SHIB burned in the last 24 hours has risen by 298.21%. Combined with the previously mentioned metric, this gives SHIB a higher chance of breaking out.

Technical Analysis of SHIB

From a technical perspective, we found that the Supertrend has given a buy signal. However, the 4-hour SHIB/USD pair showed that the buy signal was at $0.0000094. Therefore, the token could fall from $0.00000989. Should the price fall to this level, then traders might consider opening buy orders. Meanwhile, the Money Flow Index (MFI) showed that the capital inflow of Shiba Inu has decreased. This decrease indicates that some holders have realized their recent gains, while some who have been holding for a while might be counting their losses. Should the bulls decide to save SHIB from the crash, then the MFI could rise. Should the MFI rise, the price of SHIB could rise to $0.000012. This would mean a 17.5% increase for the token. Given the current market situation, this doesn’t seem to be impossible.