- Shiba Inu stabilizes as traders anticipate a possible market rebound.
- Rising buying volume hints at renewed optimism among SHIB investors.
- Analysts eye breakout above resistance to confirm Shiba Inu’s recovery.
After one of the harshest corrections in recent months, Shiba Inu appears to be stabilizing as market sentiment starts to shift. The meme-inspired cryptocurrency, which recently added another zero to its price after the broader crypto crash, is now showing early signs of strength. According to TradingView data, SHIB is currently consolidating around $0.0000098, signaling a potential base formation for a rebound.
Sellers seem to have lost momentum following the sharp liquidation-driven drop that pushed the token below $0.000010. Buyers have begun stepping back in, with volume slightly improving as investors seek opportunities at discounted levels. Despite lingering volatility, smaller candles and lower trading activity suggest growing indecision, a condition often seen before a breakout.
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Traders Watch for Momentum Shift
Technically, SHIB remains below its key moving averages—the 50-, 100-, and 200-day exponential moving averages—showing that a full bullish reversal has yet to form. However, its Relative Strength Index hovers around 39, an area that often precedes price recoveries. If the token manages a clean breakout above the $0.0000112 to $0.0000120 resistance zone, it could attract fresh buying interest and short-term traders looking to capitalize on momentum.
Analysts are closely monitoring volume activity for confirmation. A rise in trading volume, along with a daily close above $0.0000105, would suggest that accumulation is underway and could mark the beginning of a short-term rally.
Moreover, on-chain indicators reveal that wallet activity and exchange outflows are showing modest improvement, which often reflects growing investor confidence. A consistent uptick in these metrics could reinforce bullish sentiment and support a stronger move upward.
If current patterns continue, Shiba Inu might be positioning itself for a recovery phase, potentially erasing the recently added zero. Market participants are now watching whether sustained buying pressure can translate into a clearer uptrend as the token attempts to regain lost ground.
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