SHIB price chart reached a low on day seven, resulting in a 324% increase in its burning supply rate. This led to oversupply and a potential sell-out scenario. Despite this, the collapsing trend found signs of weakness, making it challenging to believe the long-term holds have changed. The sentiment among crypto investors suggests a point where chains begin to break out, driving the price upwards. Meanwhile, AI-driven investors Monitor predicts a 10x to 15x price increase in December.
The price of SHIB is a hot topic, with cryptonomics analysts and traders excited about the potential course of the current phase. Current prices are relatively low, only 0.00001236 dollars, down 2.52% intraday and 9.92% over the past week.ohl, but there has been a recent pullback, keeping hopeful afloat. Some traders have linked this to an artificially generated bullish divergence, suggesting sustained price movement without clear oversold signs.
On the technical side, a hidden bullish divergence is a critical thing to watch. While the price hasn’t stayed días on the higher roads, indicators like RSI (Pick index) suggest a tendency for strong buying momentum. The divergence suggests that even if momentum is temporarily weak, expectations are growing for more buying pressure, potentially leading to a price surge. Mark believes this is a consistent pattern during continuation stages of broader uptrends. He points out that throughout much of the recent bearish period, buying hasn’t significantly}_${before 2024, after a rally, back in 12/2024. He noticed that the price and RSI have both shown a uptrend, but still missing a strong low. This pattern is often seen during backup candles and continues to establish a bullish base, which remains significant as long as the price continues to surpass $0.0000108. The resistance range for this is from $0.000030 to $0.000081. Mark also attributes this to “long-term holders,” those with Hunters who have held the token for more than a year, which seems to be building in strength over time, particularly after a significant pattern in 2024.
On the shorter side, holders that hold for only up to 30 days have been preceded by decreases. In the last week, long-term holders sold off more across platforms, a sign of more speculative behavior. Mid-term holders, those who have been holding for a little over a month (3.15% increase), are also[—as the literature progresses—signifying that the asset is nearing the end of its maturity. This bottle-neck suggests that some speculative strategies are becoming less viable, and investors are more inclined to accumulate their wealth than to sell long. The reversal move in the short term is a pause indicating that new decisions and actions may be turning up.
It’s also important to note that short-term holders, those holding only 3.15% higher, have compassion as a cultural shift to accumulation. The mid-term holders are worried moments of uncertainty, noting a hold increase of 3.15%. Marks firmly believes that this structural form of the market is likely to overcome a week. If the stock recalibrates during recovery, the price may reach a high in December and then escalate further to its next high point in January. This new high, while far from certain, is promising for investors who stay invested. The burning rate of SHIB just happened to be dynamically fluctuating, getting by itself with a 278.42% increase over the past seven days. The system is designed to reduce supply by burning through it, but whether that continues to have a long-term impact in a volatile and illiquid market needs to be seen.
As the market wraps up the rest of the year, the price isooming to rebound above $0.000081, much like its 2024 highs, and leaders could begin to see a more stable environment for a growth phase. With all this, it serves as a hint to the long-term traders and bookstore that they can expect aouroxbust to hit that $0.000081 mark, signaling that a bullish pivot is on the horizon.
