Shiba Inu’s $0.00001 Gambit: Will It Climb or Collapse?

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As the calendar flipped to 2026, the crypto markets decided to turn bullish, much like a grumpy cat finally deciding to stretch and yawn 🐾. Memecoins, especially Shiba Inu, have been busy pretending they’re not just a fancy meme. The price broke out after a long nap, and now it’s bouncing around like a confused kangaroo 🦘. A 24-hour rebound from recent lows? More like a crypto version of a hangover. 🍻

Whale Accumulation Tightens SHIB Supply

The first chart shows the percentage of SHIB supply held by the top 10 wallets, which has continued to rise into early 2026 🐍💰. Currently, these large holders control over 62% of the total supply, a level that has steadily increased even during periods of price weakness. It’s like a dragon hoarding gold, but with more emojis and less fire. 🐉✨

This is a critical signal. When large wallets accumulate while the price is depressed, it reduces the amount of SHIB available on the open market. As a result, even modest demand can have a significant impact on prices. Today’s bounce fits that pattern-supply compression first, price reaction second. It’s like a magician pulling a rabbit out of a hat, but the rabbit is a cryptocurrency. 🎩🐇

Importantly, there is no visible sign of distribution from top holders. The steady upward slope in whale dominance suggests positioning rather than profit-taking, which helps explain why sell-offs have become shallower. It’s as if the whales are playing a game of chess, and the rest of us are just trying to figure out the rules. 🧠♟️

SHIB Price Rebounds From Major Demand Zone

The SHIB price in the daily timeframe shows a bounce from the $0.0000065-$0.0000080 demand zone, an area that previously acted as a base during earlier consolidations. SHIB is now trading near $0.0000093, posting a 3-4% gain over the past 24 hours. A tiny step forward, but in the world of crypto, even a baby step is a marathon. 🏃‍♂️💨

Several technical elements stand out:

  • Price has reclaimed short-term momentum after defending the lower range. Like a stubborn wall, it won’t budge. 🧱
  • Volume expanded on the rebound, indicating active dip buying. It’s like everyone’s rushing to buy a discounted loaf of bread, but the bread is a cryptocurrency. 🍞
  • OBV has turned higher, suggesting accumulation rather than a dead-cat bounce. Or, as the internet would say, “This is fine.” 🐶

However, SHIB remains below key moving averages clustered between $0.0000108 and $0.0000110, which means the broader trend has not flipped bullish yet. For now, this is a relief rally within a larger consolidation, not a confirmed breakout. Like a party where everyone’s pretending they’re having fun. 🎉

What the Two Charts Say Together

Viewed in isolation, today’s move could be dismissed as a routine bounce. Taken together, the charts tell a stronger story:

  • Whales continue to absorb supply, limiting downside risk. Like a black hole, but with more emojis. 🌌
  • Price is reacting positively from a well-defined support zone. It’s like a toddler learning to walk-wobbly, but determined. 🧸
  • Selling pressure appears exhausted, at least in the short term. Or, as the bears might say, “I’m just taking a nap.” 🐻

This combination explains why SHIB is rising today without any major news catalyst. The market is responding to positioning and structure, not headlines. It’s like a soap opera, but with numbers instead of drama. 📺

As long as the Shiba Inu price holds above the $0.0000080 region, buyers are likely to defend dips. A move back toward $0.0000108-$0.0000110 would be the next logical test, where sellers may re-emerge. Failure to reclaim that zone would keep the SHIB price range-bound, while a breakdown below support would weaken the current setup. It’s like a game of chess, but with more uncertainty and fewer queens. 🧩

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2026-01-05 22:28