- Shiba Inu price has rebounded above $0.00001 after a sharp drop, accumulation, and buy-the-dip activity.
- Technical analysis points to a bullish falling wedge, with breakout targets near $0.000032.
- Immediate support sits at $0.0000105, while near-term resistance is around $0.00001137.
Shiba Inu (SHIB) appears to be staging a comeback after an intense period of selling and consolidation.
Recent on-chain flows, technical signals, and signs of ecosystem stabilization suggest the market may be emerging from a prolonged accumulation phase.
The current question is whether this setup will spark a sustained rally or simply prompt another round of profit-taking.
Buyers rushed in after the sharp crash
Last week’s crash pushed SHIB down to a 2025 low of $0.00000850, briefly removing a zero from the price tag.
Buyers aggressively bought the dip, driving the token back above $0.00001 within days.
The swift rebound wiped out the extra zero and forced short-term sellers to reassess positions.
This buying pressure was substantial. In terms of exchange outflows, over 600 billion SHIB left trading platforms between September 22 and 26, and nearly 1 trillion SHIB exited exchanges during the October 11 crash.
Those moves indicate accumulation by long-term holders rather than short-term speculators. In simple terms, large holders moved assets to cold storage, which reduced immediate sell-side pressure.
Meanwhile, burn activity surged. More than 5,700,000 SHIB were burned in a single 24-hour period, and weekly burn totals exceeded 46,600,000 SHIB.
While burns alone do not create price momentum, they can tighten supply and amplify any bullish demand.
Technical setup aligns with bullish targets
Technically, SHIB has been forming a falling wedge after months of lower lows—a pattern that often precedes a breakout as buyers regain control.
Support repeatedly held in the $0.0000090–$0.0000100 range, a demand zone that has buffered downside moves.
Momentum indicators have begun to tilt toward buyers. On the daily chart, the RSI has recovered from oversold territory, and the MACD is showing early signs of convergence.
However, resistance remains nearby. The 30-day moving average sits above the current price, and key resistance is near $0.00001137.
A decisive break above these levels would validate the wedge and open the door to targets significantly above today’s trading range.
Some analysts argue that a sustained breakout could leave room for meaningful upside. Forecasts vary, with earlier resistance levels from March 2024 cited as potential reference points, and some projections placing higher targets in the $0.000045–$0.000069 range, though those outcomes depend heavily on volume and macro conditions.
More conservative viewpoints identify an intermediate target zone between $0.000022 and $0.000032 as a realistic first objective. These projections imply substantial gains from current levels but are conditional on continued buying momentum.
Key SHIB price levels to watch
In the near term, the critical level to monitor is support around $0.0000105. If SHIB can hold above that mark, the path to challenging immediate resistance becomes clearer.
Conversely, losing that support could reopen the slide toward the $0.0000090 demand area.
On the upside, the next major obstacle lies just above the current price.
A decisive break above $0.00001137 would likely invite further buying and bring the $0.000022–$0.000032 range into focus.
A less forceful push might stall at the 30-day moving average or at prior swing highs—levels where many traders historically take profits.