Shiba Inu Rebuilds Momentum: Can New Addresses Help SHIB Erase September’s Losses?
Shiba Inu is regaining strength after its 18% loss last month. Growing network activity and reduced selling could drive SHIB’s price higher soon.
Shiba Inu has begun showing signs of recovery after a sharp decline in September that erased nearly 18% of investor gains.
The meme coin is now attempting to rebuild its momentum amid growing market optimism. With selling pressure easing and new demand emerging, SHIB appears poised to reclaim lost ground in the coming days.
Shiba Inu Investors Are Bullish
One of the strongest indicators supporting Shiba Inu’s rebound is the rise in new addresses interacting with the network. Over the past several days, the number of new addresses has climbed sharply, marking the highest level in nearly two and a half months.
This metric tracks first-time transactions to measure whether a project is gaining traction. SHIB’s spike suggests rising interest among retail and institutional participants. A surge in new wallet creation typically signals fresh capital inflows and a growing user base.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter
Shiba Inu New Addresses. Source:
Shiba Inu New Addresses. Source:
From a broader perspective, Shiba Inu’s macro momentum remains steady. Data from the HODL Caves indicator shows that investor selling is likely to remain muted in the near term. The median return for addresses holding SHIB for about a year is currently 0.85x, suggesting holders are not yet in significant profit territory.
As a result, these mid- to long-term investors are expected to continue holding rather than selling prematurely. This reduced selling pressure can stabilize price fluctuations, giving SHIB a stronger foundation for gradual recovery.
Shiba Inu HODL Caves. Source:
Shiba Inu HODL Caves. Source:
SHIB Price Continues To Push
At press time, Shiba Inu is trading at $0.00001285, aiming to establish this level as solid support. The meme coin is now 11% away from fully recovering the 18% losses recorded in September. Sustaining current momentum could help SHIB solidify its recovery structure.
To complete this recovery, SHIB must climb back to $0.00001428. Achieving this target requires breaking through the $0.00001336 and $0.00001391 resistance levels, both of which have proven challenging. However, with new addresses rising and selling activity low, these targets appear attainable.
Shiba Inu Price Analysis. Source:
Shiba Inu Price Analysis. Source:
If market sentiment turns bearish, Shiba Inu could face downside risk. A fall below $0.00001209 support might trigger additional losses, potentially driving SHIB down to $0.00001161 and invalidating the ongoing bullish outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
