SHIB Rises 2.5% After Support Bounce, Eyes $0.00001025
Shiba Inu (SHIB) rebounded 2.49% after briefly dipping below the $0.00000998 support level. The token had earlier lost 0.26% but regained upside momentum by breaking local resistance at $0.00001010. SHIB now faces resistance at $0.00001017. A daily close above this level could trigger a breakout toward $0.00001025–$0.00001050. On higher timeframes, SHIB bounced off support zones at $0.00000956 and $0.00001019, indicating likely sideways trading in the $0.00001000–$0.00001100 range as bulls accumulate strength. Overall momentum remains moderate, and with SHIB still trading below the key $0.00001145 level, traders should expect limited volatility in the near term. At press time, SHIB trades around $0.00001014.
Neutral
Short-term, SHIB’s rebound from $0.00000998 support and breakout above $0.00001010 signal renewed buying interest that could drive prices to the $0.00001025–$0.00001050 range. Trading above $0.00001017 on a daily close would reinforce this bullish bias. However, SHIB remains capped by the critical $0.00001145 resistance level in the mid-to-long term. With momentum still moderate and price trading sideways between $0.00001000 and $0.00001100, significant directional moves are unlikely without fresh catalysts. Therefore, the overall impact is neutral as traders await clearer signals.