SHIB rebounds from a golden ratio to reach a new low, prompting experts to recommend buying the dip. Despite Shiba Inu (SHIB) hitting a new low in exchange balances, it demonstrates signs of recovery from a golden ratio.

The decline in exchange turnover may indicate investors shifting tokens from exchanges to personal wallets, reflecting confidence in the token's future success. On-chain metrics, including transaction volume and wallet addresses holding SHIB tokens, suggest ongoing investor interest.

Traders utilize the golden ratio, or Fibonacci retracement level, to identify potential support and resistance areas. SHIB's movement within this ratio hinges on its ability to attract more investors, potentially signaling a trend reversal or extension.

Currently trading at $0.00001085 USD per unit, with a total supply of 589.59T SHIB and a 24-hour trading volume of $133,458,586, SHIB's market cap stands at $6,387,411,960, showing a 3.50 percent increase from yesterday. Despite initial surges and reaching an all-time high on October 28, 2021, SHIB's value has fluctuated, reaching its highest price of $0.00003436 in 2022 before experiencing sideways to downward movement.

However, by the end of the year, the price had significantly rebounded.