{"id":1765,"date":"2024-12-13T05:11:08","date_gmt":"2024-12-13T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/shiba-inu-price-rebounds-toward-0-00003-taking-69-of-all-holders-back-into-the-green\/"},"modified":"2024-12-13T05:11:08","modified_gmt":"2024-12-13T05:11:08","slug":"shiba-inu-price-rebounds-toward-0-00003-taking-69-of-all-holders-back-into-the-green","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/shiba-inu-price-rebounds-toward-0-00003-taking-69-of-all-holders-back-into-the-green\/","title":{"rendered":"Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green"},"content":{"rendered":"

The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holders<\/a> back in the green. This is significant, considering how it could set Shiba Inu on a path to higher prices.\u00a0<\/p>\n

Most SHIB Holders In The Green As Shiba Inu Price Rebounds<\/h2>\n

SHIB holders are now in the money, while 24% are out of the money, and 6% are currently in the money. This could be bullish for the Shiba Inu price, considering that holders are less likely to sell when they are in the money.\u00a0<\/p>\n

\"Shiba<\/p>\n

This could reduce the selling pressure on SHIB and sustain the Shiba Inu price recovery<\/a>. The meme coin has recovered towards $0.00003. The \u2018In the Money\u2019 metric shows that the next significant resistance level that Shiba Inu needs to break above is $0.000033. 130,620 wallet addresses bought 15.06 trillion SHIB tokens around this level.\u00a0<\/p>\n

However, on-chain metrics still paint a bearish picture for Shiba Inu, which is undoubtedly concerning. IntoTheBlock data shows that the \u2018Concentration\u2019 metric is in the red, indicating that SHIB whales currently have a bearish sentiment towards the meme coin and are opting against accumulating more coins.\u00a0<\/p>\n

This large transaction metric is also bearish at the moment as Shiba Inu whales are opting against accumulating more coins. The net network growth also paints a bearish picture for the Shiba Inu price, as there is currently a low influx of new addresses buying the meme coin.\u00a0<\/p>\n

The Shiba Inu burn rate<\/a> has also remained inconsistent, further presenting a bearish outlook for the Shiba Inu price. Shibburn data<\/a> shows that the burn rate is down over 79% in the last 24 hours, with three million coins burned during this period.\u00a0<\/p>\n

From A Technical Analysis Perspective\u00a0<\/h2>\n

Crypto analyst Javon Marks<\/a> has provided a bullish outlook for Shiba Inu from a technical analysis perspective. In an X post, he stated that Shiba Inu recently confirmed another bullish pattern, which could lead to a continuation of its upward trend. The analyst added that another major upside move could be in play for SHIB, with the meme coin possibly rallying to $0.00081 or even higher.\u00a0<\/p>\n

\"Shiba<\/p>\n

The crypto analyst further mentioned that with this target at $0.000081, the Shiba Inu price could witness a 180% climb and that this rally may already be in play. A rally to $0.000081 could pave the way for Shiba Inu to surpass its current all-time high (ATH) of $0.000088.\u00a0<\/p>\n

At the time of writing, the Shiba Inu price is trading at around $0.000029, up over 8% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

\"Shiba<\/p>\n","protected":false},"excerpt":{"rendered":"

The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holders back in the green. This is significant, considering how it could set Shiba Inu on a path to higher prices.\u00a0 Most SHIB Holders In The Green As Shiba Inu Price Rebounds SHIB holders are now in the money, while…<\/p>\n","protected":false},"author":1,"featured_media":1766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[516],"tags":[110,19,114,115,100,294,295,101,296,297,298,299],"class_list":["post-1765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1765"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1766"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}