SHIB Rebound Watch: Support Holds, Holders Up, Whale Buys 120B
Shiba Inu (SHIB) is showing early rebound signs after a long run of monthly losses. Since Aug 2025, SHIB recorded consecutive declines, with the sharpest drops in Oct–Dec 2025. In March 2026, SHIB has posted modest gains vs its month open and is trading around $0.000005767, raising the odds of ending the losing streak.
On-chain metrics point to improving sentiment for SHIB. Wallet addresses have surpassed 1.55M, and about 78% of holders have kept SHIB for over a year, suggesting longer-term accumulation. At the same time, exchange reserves are falling, which may reduce immediate sell pressure.
Technicals support the rebound setup. SHIB has shown price/RSI divergence (weaker selling momentum) and is holding a key support near $0.0000050. If that level stays defended, analysts see potential upside toward $0.00000725, with a more optimistic stretch toward the 200-day moving average near $0.00000864.
Additional tailwinds include whale accumulation and burn activity. A large ETH holder reportedly bought over 120B SHIB across multiple transactions, while token burn continues to increase. Overall, the article frames SHIB as transitioning from drawdowns to a more stable recovery phase, but demand and broader market conditions still matter.
Neutral
The news is broadly supportive for SHIB, but it is not a clear one-way bullish breakout. Falling exchange reserves and a high long-term holder ratio (78% holding SHIB for over a year) suggest reduced immediate sell pressure. Technical factors—price/RSI divergence and price holding above the ~$0.0000050 support—support a rebound attempt, and whale buys plus rising burns add longer-term credibility.
However, the article also stresses that SHIB’s current range remains fragile and that broader demand/market conditions are still required. For traders, this points to a “watch and confirm” setup: support holding could trigger momentum toward ~$0.00000725 and potentially the 200-day near ~$0.00000864, but failure to defend $0.0000050 would likely invalidate the recovery thesis quickly.