I've been following Shiba Inu for a while, and I think something interesting might be about to happen. After months of consecutive declines since August, SHIB is finally showing some positive movement. By April, it’s clear that the token is no longer extending that seemingly endless negative streak.

What caught my attention is that on-chain data paints a different picture from the price. The number of addresses holding SHIB continues to grow, surpassing 1.55 million. More importantly, approximately 78% of holders have kept their positions for over a year, suggesting that most are not selling out of panic. Additionally, fewer tokens are on exchanges, which typically indicates less selling pressure.

From a technical perspective, there are signals that could indicate a change. The RSI shows a divergence with the price action, which usually points to a weakening of the bearish momentum. Shiba Inu has bounced several times at the $0.0000050 level, so if it holds there, it could move toward $0.00000725 or even the 200-day moving average at $0.00000864.

What really caught my eye was seeing whales recently buy over 120 billion SHIB tokens through multiple transactions. When big investors move like that, they usually know something. Combined with the increase in token burns and user expansion, the market structure looks more solid than it did a few months ago.

I’m not saying Shiba Inu will skyrocket, but after so much decline, the underlying indicators are changing. If these conditions hold and investors continue buying at these levels, it could be the start of a more consistent recovery. Volatility will remain, but at least the trend might start to shift.