Shiba Inu is showing early signs of recovery after months of sustained losses. Market data reflects improving network activity and renewed investor interest. Recent price behavior points to a potential shift in trend. Momentum remains fragile, but underlying metrics suggest a stronger monthly close.
Network Growth and Long-Term Holding Strengthen Outlook
Shiba Inu has faced a prolonged downturn since August 2025, recording consecutive monthly losses through February 2026. The token saw steep declines in October, November, and December, each posting double-digit drops.
March performance now signals a possible reversal. Despite volatility, SHIB has posted modest gains during the month. The token trades at around $0.00000577 at the time of writing, slightly above its opening level. Intermittent rallies throughout March have offset recent pullbacks.
On-chain data shows steady growth in adoption. The total number of holders has surpassed 1.55 million, with thousands of new wallets added monthly. At the same time, around 78% of holders have retained their tokens for over a year.
This pattern reflects rising long-term conviction. Exchange balances have also declined, indicating that investors are moving tokens into private wallets. Reduced exchange supply limits immediate selling pressure and supports price stability.
Technical Signals and Whale Activity Support Bullish Case
Technical charts now show early bullish signals for Shiba Inu. Analysts point to a developing divergence between price action and the relative strength index. This pattern often indicates weakening selling pressure.
The token has also held above the $0.0000050 support level. Recent rebounds from this zone highlight growing buyer interest. Analysts say maintaining this level could drive a move toward $0.00000725. A stronger rally could target the 200-day moving average near $0.00000864.
Whale activity has also increased, adding to the positive outlook. Reports confirm that a large Ethereum holder accumulated over 120 billion SHIB tokens. Such transactions as strategic positioning ahead of potential price movements. At the same time, burn activity continues to rise, reducing circulating supply. Combined with growing adoption and declining exchange reserves, these metrics strengthen the recovery narrative.
While SHIB remains in a fragile range, current indicators suggest improving conditions. Analysts say sustained momentum could support further gains. If trends hold, Shiba Inu may close March stronger and signal a broader recovery phase.
Source: https://coinpaper.com/15782/shiba-inu-price-signals-recovery-as-network-growth-and-whale-activity-build-momentum
