SHIB Accumulation Builds Momentum as Market Consolidates

Shiba Inu (SHIB) is displaying signs of accumulating, potentially positioning for a significant price surge after weathering market downturns. Recent data shows the token consolidating within a narrow range, often signaling an upcoming price movement. 7,510 transactions on-chain, up from 6,200 earlier this month, suggest a growing buying activity as well. This is further corroborated by a notable net exchange outflow – a sign of confidence in SHIB’s long-term potential rather than short-term selling.