2025-12-9 01:30 |
The Shiba Inu price is working its way higher today, edging from around $0.0000082 to $0.0000086 after a choppy week. It isn’t a breakout, but the small gain is enough to spark some chatter among traders.
A few different factors are driving the move, some stronger than others, and the chart shows a rebound that still needs more proof before anyone can call it a trend reversal.
A Boost From Fed ExpectationsThe main reason the SHIB price is up today comes from the macro side. Markets are heavily expecting a 25bps rate cut at the Federal Reserve’s December 10 meeting, with probabilities sitting near 87%. When traders believe cheaper liquidity is coming, speculative assets like SHIB often lift first.
The chart shows sustained growth even without a dramatic increase in volume. Daily transactions are up 33% compared to previous levels. This indicates a cautious level of optimism.
The Fear & Greed Index level stands at 24. Also, current market sentiment leans more towards fear than excitement, at this stage, everything hinges on the Fed. A dovish message could keep SHIB moving. A hawkish surprise could shut this bounce down quickly.
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New Exchange Activity Adds Some SupportCoinbase Derivatives announcing 24/7 SHIB perpetual futures (launching December 18) also helped the mood. It gives SHIB more visibility and more sophisticated trading options, something institutions tend to watch closely.
But there’s a twist: around the same time, there was a massive 33.2 trillion SHIB outflow from exchanges. On paper, that sounds bullish, but the details point to internal wallet reshuffling rather than major accumulation.
Liquidity is still thin, with a turnover ratio of just 2.14%, which means SHIB remains vulnerable to quick swings in either direction. So while exchange developments are a positive step, they haven’t turned into strong buying pressure yet.
A Bounce on the SHIB Chart, but Still Not a Trend ChangeTechnically, SHIB’s move makes sense. The SHIB price found support around $0.0000084 and bounced cleanly off the 78.6% Fibonacci retracement near $0.00000815. RSI at 44 shows the market isn’t oversold anymore, and MACD is hinting at early bullish momentum.
Source: CoinMarketCap/SHIBThe problem? SHIB is still below every major moving average, including the key 200-day EMA. Until the market pushes above $0.0000092 and holds there, this remains just a short-term rebound.
What’s Next For SHIB?The SHIB price is up today because traders are positioning for an easier monetary policy while reacting to new exchange listings and a technical bounce. Yet somehow, the move lacks conviction.
Still, if the SHIB price manages to break above $0.0000086 and then proceed towards $0.0000092, increasing momentum may be witnessed.
Otherwise, it might drop back to $0.0000075 once the Fed Meeting begins. For now, this might be considered a tentative recovery instead of a true one.
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The post Why Is Shiba Inu (SHIB) Price Up Today? appeared first on CaptainAltcoin.
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