CandleFocus Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green
2024-12-12
Author: Content Editor
The Shiba Inu cryptocurrency has experienced a rebound in price, reaching $0.00003 and putting most SHIB holders in a profitable position. This could potentially lead to higher prices and reduces selling pressure. However, on-chain metrics suggest a bearish outlook, as SHIB whales are not accumulating more coins and there is a low influx of new addresses buying the cryptocurrency. The burn rate has also decreased significantly. Nonetheless, a crypto analyst predicts a bullish continuation, with the potential for the price to rally to $0.000081 or even higher, surpassing its previous all-time high. Currently, the price stands at around $0.000029.
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