Shiba Inu It continues to show a mixed picture, to say the least. Although price action remains largely unchanged, on-chain data indicates significant accumulation activity at a critical level, indicating potential future moves. Compared to other assets, Gray It is underperforming at its current price of $0.00002226 and is having difficulty maintaining upward momentum.

The asset appears to lack the volume or market sentiment required to break through a major resistance level located just above the current price level. However, the market has discovered a huge accumulation zone in the price range from $0.000021 to $0.000022, where more than 64 trillion SHIB tokens are concentrated and held in about 30,800 addresses.

This level is a reliable support area and may be crucial in decision making GrayFuture session. A total of 35% and 62% of SHIB addresses are currently in the money, meaning they bought the asset at a lower price than it is trading at now, according to on-chain data. However, 63% of funds still do not have money, indicating traders are hesitant.

Given that many investors are still underwater and reluctant to reinvest, this imbalance may be the reason behind SHIB's continued lack of momentum in price performance. In the future, more volatility may occur through a retest of the $0.000022 range. A recovery scenario towards $0.000024 or higher becomes possible if... Gray It could maintain accumulation at this level, which could reignite investor interest.

On the other hand, a decline towards the $0.000021 level could prevent further accumulation and send the asset into a bearish phase, if this crucial support zone is not maintained. SHIB's ability to maintain a strong accumulation area underscores its ability to recover even in the face of the current recession.

This accumulation may result in a price breakout or additional consolidation depending on the condition of the market as a whole and the ability of the asset to regain upward momentum.