Shiba Inu Eyes $0.00002 Amid Rebound and Critical Supply Walls
12.04.2025 14:03
On April 12, 2025, Shiba Inu (SHIB) rebounded after an earlier sell-off triggered by macroeconomic concerns. SHIB surged on Wednesday from $0.00001029 to $0.00001214, dipped slightly on Thursday, and then resumed its rebound on Friday, reaching intraday highs of $0.00001238 in early Saturday trading. The report focuses on the coin’s potential to push towards the $0.00002 mark, contingent upon breaking through two key on-chain supply walls. The first resistance lies between $0.000013 and $0.000014, where 28.41 trillion SHIB are held by 38,370 addresses, and the second, larger resistance ranges from $0.000015 to $0.000019, with 548.5 trillion SHIB held by 169,100 addresses. A breach of these key price clusters is seen as a crucial step for the bullish ascent. In addition to the detailed analysis of SHIB, the report references Ripple’s XRP, which has faced criticism regarding its utility narrative, and highlights bullish commentary on Bitcoin (BTC) with predictions of monumental price targets. Overall, the news points to a potential rebound in the crypto market, with market observers maintaining an optimistic outlook that may allow digital assets to recoup lost ground.
SHIB’s recent rebound indicates renewed bullish momentum, especially as it ascends from lower price levels. The detailed analysis of its on-chain cluster data—highlighting significant supply walls between $0.000013-$0.000014 and $0.000015-$0.000019—suggests that overcoming these resistance zones could trigger immediate upward movement. The potential breakout to $0.00002 is bolstered by a mix of optimistic technical signals and improved market sentiment, making an upward price trend likely in both the short term, if technical barriers are breached, and in the long term as investor confidence returns.
XRP is noted in the report amid criticism of its utility narrative. The negative sentiment from influential researchers may result in short-term price volatility. However, XRP’s fundamental network usage and the possibility of institutional support could help stabilize its price over time. The impact appears to be less direct compared to SHIB; in the immediate term, sentiment might cause dips or cautious trading, but long-term dynamics will likely revert to evaluations based on its inherent utility and market adoption.
BTC received bullish commentary with predictions of it reaching a price target of $1,000,000. Such statements can spark immediate retail enthusiasm and upward pressure on price due to speculative trading. However, historical trends suggest that while BTC’s established position often absorbs such hype, any immediate surge could be followed by market corrections. In the long run, BTC’s resilience and strong institutional backing tend to moderate extreme volatility, balancing short-term speculative gains with more stable, long-term growth.
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