- SHIB holds firm at the $0.00001150–$0.00001180 support zone, showing strong buyer accumulation.
- Trading volume surged 310.56% to $645.93M as market sentiment turned bullish among SHIB traders.
- Analysts see a possible breakout if SHIB closes above $0.00001200, targeting $0.00001300–$0.00001380.
Shiba Inu (SHIB) continues to show resilience near its lower range as traders maintain confidence in the token’s recovery potential. After repeated tests of the $0.00001150–$0.00001180 zone, SHIB is holding firm at its base, forming a stable structure that could trigger the next market rebound. At the time of writing, SHIB was trading at $0.00001030.
SHIB Maintains Firm Support with Buyers Defending Key Levels
According to analysis prepared by Shib Mortal, the SHIB 4-hour chart shows multiple successful retests of the $0.00001150–$0.00001180 support range. The price has rebounded each time from this zone, suggesting strong accumulation and consistent buyer activity. The chart also displays a potential “W” pattern, a setup often associated with reversal structures following extended downside periods.
Trading data indicates that this accumulation zone has served as a reliable support region, allowing the token to stabilize and recover from recent declines. The pattern’s lower boundary remains intact, with controlled consolidation forming above it.
A short-term bullish reversal would be confirmed with a close above $0.00001200 and would hit resistance levels of $0.00001300 and $0.00001380. Technical readings also suggest that SHIB moving averages are stable and the Bollinger Bands are expanding, which implies that volatility will soon come back. In the event that such arrangement persists, this would act as a support point to a possible upward breakout.
Derivatives and Market Sentiment Indicate Growing Confidence
Data from Coinglass shows strong trading activity across SHIB derivatives. Trading volume surged by 310.56% to $645.93 million, while open interest adjusted by 42.99%, totaling $108.05 million. Liquidation data reported $6.53 million over 24 hours, primarily from long positions, showing controlled market adjustments.
Community sentiment also reflects optimism. Around 87% of one million participants expressed a bullish outlook on SHIB’s near-term movement. This strong consensus suggests sustained confidence among investors as the token holds its key support level.
With price stability around $0.00001150 and continued accumulation, SHIB appears positioned for a possible short-term rebound. Analysts suggest that maintaining this level could support a new phase of upward movement, reinforcing the view that “SHIB holding strong the lows—stay calm, the pump is coming.”
