Shiba Inu (SHIB), a meme coin, has seen signs of an early rebound as it moves away from its lowest price in the past 24 hours. Despite falling 2.08% in the last day, SHIB has shown a 10.89% increase in the past week, indicating a rebound from a bearish position. However, it remains unclear if SHIB can maintain support above the $0.000016 level. Daily trading volume has decreased by 71%, suggesting reduced buying interest. However, SHIB has seen positive whale activity and a decrease in circulation, which could contribute to sustained price action in the future.



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