{"id":17865,"date":"2025-12-12T16:19:04","date_gmt":"2025-12-12T16:19:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-coin-rebound-looms-as-whales-suddenly-buy-amid-reserves-drain\/"},"modified":"2025-12-12T16:19:09","modified_gmt":"2025-12-12T16:19:09","slug":"shiba-inu-coin-rebound-looms-as-whales-suddenly-buy-amid-reserves-drain","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-coin-rebound-looms-as-whales-suddenly-buy-amid-reserves-drain\/","title":{"rendered":"Shiba Inu Coin rebound looms as whales suddenly buy amid reserves drain"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shiba Inu Coin price has been in a freefall this year as demand for meme coins waned. This rebound could be about to end as key fundamentals and technicals align.<\/p>\n<div id=\"cn-block-summary-block_850484354790438392ea7fa6529f6c67\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba Inu Coin price has dropped and is now in a technical bear market.<\/li>\n<li>Whales have started buying SHIB as the supply in exchanges has tumbled.<\/li>\n<li>Technical analysis suggests that the token has more upside in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Shiba Inu (SHIB) token was trading at $0.00000841 today, Dec. 12, a few points above the year-to-date low of $0.00000753. It remains ~75% below its highest point in November last year.<\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu Coin fundamentals are improving\u00a0<\/h2>\n<p>Shiba Inu token has dropped this year as demand for meme coins has waned, with the market capitalization of all these tokens falling to $46 billion from the year-to-date high of nearly $100 billion.<\/p>\n<p>There are signs that Shiba Inu\u2019s fundamentals are improving, which might lead to more upside in the near term.<\/p>\n<p>One fundamental is that token burn has rebounded in recent days. The daily rate rose by 170% on Friday, bringing the total token burns since inception to over 410.75 billion.<\/p>\n<p>Additional data indicate that the supply of SHIB tokens on exchanges has declined sharply. Its supply dropped to 288.75 trillion today, down from this month\u2019s high of 366.1 trillion. A decline in exchange supply indicates increased demand for the token.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHB exchange supplies | Source: Nansen<\/figcaption><\/figure>\n<p>This demand is coming from whales, who have suddenly started buying. These investors now hold 96.67 billion tokens, up from this week\u2019s low of 1.36 billion.\u00a0<\/p>\n<p>Therefore, a combination of falling exchange supply, whale and smart money buying, and burn rate means that the token may rebound soon.<\/p>\n<h2 class=\"wp-block-heading\">SHIB price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2020\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/12\/1765556344_834_Shiba-Inu-Coin-rebound-looms-as-whales-suddenly-buy-amid.webp.webp\" alt=\"Shiba Inu price chart\" class=\"wp-image-14439977\"><figcaption class=\"wp-element-caption\">Shiba Inu price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>Technicals suggest that Shiba Inu Coin price bottomed at $0.0000075 in November and then rebounded to the current $0.0000084.<\/p>\n<p>A closer look shows that the token has formed a falling wedge pattern and is slightly below the upper side. It has also formed a small inverted head-and-shoulders pattern, another highly bullish chart pattern.<\/p>\n<p>Therefore, the Shiba Inu price will likely rebound, potentially to the significant resistance level at $0.000010, approximately 20% above the current level. This view will be confirmed if it moves above the 50-day moving average and the upper side of the descending wedge.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu Coin price has been in a freefall this year as demand for meme coins waned. This rebound could be about to end as key fundamentals and technicals align.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17865"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17865\/revisions"}],"predecessor-version":[{"id":17866,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17865\/revisions\/17866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8195"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}