Shiba Inu Rejected at $0.00001—Is a Move Toward $0.000015 Still Possible This Month?
The post Shiba Inu Rejected at $0.00001—Is a Move Toward $0.000015 Still Possible This Month? appeared first on Coinpedia Fintech News
With the start of 2026, the crypto markets have turned largely bullish. Memecoins, specifically, have seen significant rises, while the Shiba Inu price broke out after a prolonged period of consolidation. Shiba Inu is trading higher over the past 24 hours, rebounding from recent lows as on-chain data and price structure align. While SHIB has struggled to reclaim major resistance in recent weeks, two key charts suggest that downside pressure is easing and buyers are quietly regaining control.
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.
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.
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.
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.
Several technical elements stand out:
- Price has reclaimed short-term momentum after defending the lower range.
- Volume expanded on the rebound, indicating active dip buying.
- OBV has turned higher, suggesting accumulation rather than a dead-cat bounce.
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.
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.
- Price is reacting positively from a well-defined support zone.
- Selling pressure appears exhausted, at least in the short term.
This combination explains why SHIB is rising today without any major news catalyst. The market is responding to positioning and structure, not headlines.
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.
