Shiba Inu (CRYPTO:SHIB) is rebounding from recent lows, aiming to regain ground lost over the past month.

Despite a 15% weekly price drop, the impact on investors has been more pronounced, with a significant portion of SHIB supply—42%—now in the red after recent price declines.

This shift has prompted many investors to hold off on selling until prices recover sufficiently.

The Market Value to Realized Value (MVRV) ratio indicates that SHIB is currently in an accumulation phase, suggesting potential buying opportunities.

Historically, MVRV levels similar to the current -14.5% have often preceded market recoveries, positioning SHIB in an attractive accumulation zone.

The key price range of $0.00001473 to $0.00002093 holds critical importance, encompassing 73% of SHIB’s circulating supply and likely serving as a resistance zone.