According to analysts, three key factors could propel Shiba Inu’s price to $0.0003.

Shiba Inu (SHIB) demonstrates strength as its number of holders reaches a new peak and large investors gather 874 billion tokens, indicating a possible rebound. The exchange reserves for SHIB have fallen to an unprecedented low of 14.5% of its total supply, which diminishes selling pressure and creates an opportunity for a potential increase to $0.0003. Although it hit a 13-month low of $503 earlier in the week, Shiba Inu (SHIB) may still have a chance for recovery. With a committed following remaining robust and significant investors contributing substantially, SHIB might be on the verge of a significant change. Crypto analyst Luckside Crypto has identified three key factors that could drive SHIB’s recovery to $0.0003. In a video released on Monday, he acknowledged having previously miscalculated SHIB’s upward momentum but pivoted to highlight significant positive elements despite the widespread market decline. “Even with the market dips and the overall anxiety, Shiba Inu holders are displaying impressive tenacity,” he remarked. This tenacity extends beyond mere emotional responses. Despite SHIB facing challenges alongside the broader market, the count of SHIB holders discreetly reached a new record high. This indicates that retail investors are standing firm despite the instability in the markets. According to Luckside, the stability of retail holders is the primary reason SHIB may regain its momentum, as whales are entering the market while others are experiencing panic. Not everyone is engaged in selling. In reality, the situation is quite different behind the scenes.