SHIB Bulls Defend $3B Support as Recovery Setup Takes Shape

TL;DR SHIB is defending a market capitalization near $3 billion after a 39.3% third-quarter gain gave way to a correction, with price hovering around $0.00000516. A weekly close above the 23-week moving average would revive the recovery setup, while $0.00000500 remains the key nearby price defense against deeper losses. Roughly 51 billion SHIB left exchanges for private wallets, while 94.6% of supply remains concentrated across 798 large wallets in the snapshot. Shiba Inu is holding near a $3 billion market-cap support zone after correcting from a third quarter, leaving bulls with a narrow path toward recovery. In the initial snapshot, SHIB traded around $0.00000516 with market capitalization near $3.05 billion after gaining 39.3% during Q3. A later CoinMarketCap reading placed SHIB at $0.000005137 , up 2.83% in 24 hours.

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