#ReboundRally Shiba Inu (SHIB) Price Prediction For December 25

Bullish On-Chain Metrics

With this strong positive sentiment, traders’ and long-term holders’ interest in SHIB seems to be rising, as reported by the on-chain analytics firm Coinglass. Additionally, aside from the current sentiment, long-term holders appear more confident about the meme coin.

$10 Million SHIB Outflow

Data from the SHIB spot inflow/outflow revealed that exchanges have experienced an outflow of a significant $10 million in SHIB over the past three days. Meanwhile, with the recent sentiment, this outflow seems to be rising, indicating that long-term holders continue to withdraw the asset from their exchanges.

Current Price Momentum

At press time, SHIB is trading near $0.000023 and has experienced a price surge of over 6.5% in the past 24 hours. During the same period, its trading volume increased by 5% and has steadily risen, indicating heightened participation from traders and investors amid a bullish outlook.

Shiba Inu (SHIB) Technical Analysis and Upcoming Level

According to expert technical analysis, SHIB appears bullish as it has broken out from a consolidation zone and formed a bullish morning star candlestick pattern at the 200 EMA support.#MarketRebound $SHIB