Shiba Inu Coin Rebound? Whales Are Buying, and So Are You – Here’s Why!

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Well, well, well. Who would’ve thought? Shiba Inu Coin has been tumbling down this year, as meme coin mania seems to have cooled off. But hold on-could the Shiba Inu comeback actually be happening? Let’s just say the stars (and whales) are aligning, and it’s starting to look like a juicy rebound could be right around the corner. 🤔📉📈

signs are pointing to some positive fundamentals for Shiba Inu, which could mean an epic turnaround. Or at least a decent one. We’ll take what we can get.

First off, token burns are making a comeback. The burn rate spiked by 170% last Friday. That’s a whole lotta fire 🔥, with the total amount burned now hitting over 410.75 billion tokens. (Yes, you read that right-BILLION.)

And guess what? The supply of SHIB tokens on exchanges has dropped. The number of tokens on exchanges fell from 366.1 trillion to 288.75 trillion. A disappearing act that screams, “Hey, there’s actually some demand for this thing!”

But wait, there’s more! The whales, the big players in the crypto ocean, have started scooping up SHIB like it’s Black Friday. These investors now hold 96.67 billion tokens. Last week? A measly 1.36 billion. Talk about a whale-sized upgrade. 🐋🦈

So, in conclusion, with falling exchange supply, whales getting hungry, and token burn rates soaring, there’s a real chance that Shiba Inu might just rise from the ashes like a crypto phoenix. 🔥

SHIB Price Technicals: Is This the Moment? 🔮

On the technical front, Shiba Inu’s price hit rock bottom at $0.0000075 in November (you know, when we were all like “Ugh, it’s over”), then bounced back to $0.0000084. It’s basically doing the crypto cha-cha. 💃🕺

If we take a closer look, we see a falling wedge pattern forming. And guess what? It’s just below the top side. Shiba’s also got a tiny inverted head-and-shoulders pattern going on, which is super bullish. (Not that we’re saying it’s going to the moon or anything… but it might just be climbing a little bit.) 🚀

So, what does that mean? If it breaks through the 50-day moving average and the top of the falling wedge, Shiba Inu could make a run toward a solid resistance point at $0.000010. That’s about 20% higher than where it’s sitting right now. Not bad for a meme coin, huh?

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2025-12-12 19:27