Shiba Inu (SHIB), the popular meme coin, has experienced a significant price drop of 40% in June, leading to a potential accumulation phase. According to market analysts, this drop has resulted in a buying opportunity, as the Market Value to Realized Value (MVRV) ratio indicates a likelihood of investor profit-taking.

The MVRV ratio, which assesses investor profit and loss, currently stands at -17%, signaling a potential start to recoveries and rallies. Historically, SHIB MVRV ratios between -8% and -18% have marked the beginning of accumulation phases, leading to price surges. With billions of dollars worth of profits on the line, investors are motivated to accumulate SHIB, driving up demand and price.

The Global In/Out of the Money (GIOM) indicator suggests that approximately 425 trillion SHIB, worth over $7.3 billion, are awaiting a price surge to become profitable again. This supply was bought between $0.00001700 and $0.00001900, and a significant price increase is necessary to make it profitable, keeping investors motivated to accumulate.

SHIB's price, currently trading at $0.00001696, has suffered a near 40% drawdown in June, creating room for losses. However, analysts predict a bounceback, with the potential for SHIB to climb back into consolidation and even breach the upper limit. If the barrier at $0.00002093 fails, the consolidation could occur within this resistance level and the support of $0.00001473, invalidating the bullish thesis.

In conclusion, Shiba Inu's price is poised for a rebound, driven by potential accumulation and investor profit-taking. While market conditions are subject to change, analysts predict a price surge, making SHIB an attractive opportunity for investors. As always, it's essential to conduct thorough research and consult with a professional before making any financial decisions.