- The price of Shiba Inu rebounded above $0.00001 after a sharp decline, heavy buying, and accumulation.
- Technical analysis shows a bullish falling wedge pattern with breakout targets near $0.000032.
- Immediate support sits at $0.0000105 and immediate resistance near $0.00001137.
Shiba Inu (SHIB) appears to be recovering after a difficult period of selling and consolidation.
Recent on-chain flows, technical signals, and ecosystem adjustments suggest the market may have completed an extended accumulation phase.
All eyes are now on whether this setup will launch a sustained rally or simply trigger another round of profit-taking.
Buyers rushed in after the steep drop
Last week’s crash pushed SHIB to a 2025 low of $0.00000850, briefly adding another zero to its quotation.
Buyers aggressively stepped in at that level, driving the token back above $0.00001 within days.
The swift recovery erased the extra zero and forced short-term sellers to reassess their positions.
That buying pressure was meaningful. Between September 22 and 26, over 600 billion SHIB left exchange reserves, and nearly 1 trillion SHIB was withdrawn from exchanges during the October 11 sell-off.
Those flows point to accumulation by longer-term holders rather than short-term speculators. In short, large holders moved coins into cold storage, which reduces potential selling pressure in the near term.
At the same time, burn activity on the network rose sharply. In a single 24-hour window more than 5.7 million SHIB were burned, and weekly burns surpassed 46.6 million.
While burning alone does not create price momentum, it can shrink available supply and amplify any bullish demand.
Technical setup aligns with bullish targets
From a technical standpoint, SHIB has formed a descending wedge after months of lower highs. This pattern often precedes a breakout once buyers regain control.
Support repeatedly held around the $0.0000090–$0.0000100 zone, a demand area that cushioned downward moves.
Momentum indicators are beginning to tilt in buyers’ favor. On the daily chart, the RSI has recovered from oversold territory and the MACD shows early signs of flattening.
Source: CoinMarketCap
Resistance remains nearby, with the 30-day SMA above current prices and a key resistance level around $0.00001137.
A clear breakout above those levels would validate the wedge and open targets well above current trading.
Some analysts project significant upside if a breakout holds, with forecasts calling for rallies as high as $0.00004566 or even the $0.0000691 region last seen in March 2024.
Other voices point to more conservative mid-term targets between $0.000022 and $0.000032 as realistic first stages. Those scenarios would represent substantial percentage gains from today’s levels but depend heavily on volume and macroeconomic conditions.
Key Shiba Inu price levels to watch
In the short term, critical support sits near $0.0000105. If SHIB can remain above this level, the path toward challenging immediate resistance becomes clearer.
Losing that support could reopen a slide toward the demand zone around $0.0000090.
On the upside, resistance clusters just above the current price.
A decisive move around $0.00001137 would likely attract follow-through buying and could target the $0.000022–$0.000032 range.
Weaker upside momentum may stall near the 30-day SMA or prior swing highs, where many traders typically take profits.