Shiba Inu (CRYPTO:SHIB) is on the verge of breaking its two-month downtrend, with its price aiming to surpass the critical resistance level of $0.00002584.

Investors' shift from selling to holding has contributed to the decline in active deposits, indicating growing confidence in a potential recovery.

Furthermore, short-term holders have decreased their supply, signaling a bullish sentiment.

If SHIB manages to flip the resistance at $0.00002584 into support, it could lead to a significant rally, while a breakdown below $0.00002093 might result in a substantial drawdown.

The next few days will be crucial in determining whether SHIB can invalidate its bearish trend and embark on a bullish trajectory.