Short-term SHIB bounce likely after 15% pullback, targets near $0.000008–$0.00009
Shiba Inu (SHIB) fell about 15.6% from a recent local high to low in under five days, but on-chain and technical signals point to a likely short-term rebound. Daily imbalance zones align with retracement levels at $0.00000758 and $0.00000817, while a 4‑hour bullish structure and a defended demand zone at $0.0000062 support near-term upside. A breakout above the $0.0000066 local supply zone would increase bullish conviction. The 1‑month liquidation heatmap shows a dense cluster of short liquidations just below $0.000008, which could propel a short squeeze toward H4 extension targets and a final short-term target near $0.00009 before the longer-term downtrend resumes. Traders should expect short-term gains but be cautious: long-term holders may sell into any bounce, so taking profits at target levels is advisable. Disclaimer: This is analysis and not financial advice.
Bullish
The article points to multiple, converging short-term bullish signals for SHIB: defended demand at $0.0000062, an intact H4 bullish structure, retracement/imbalance zones at $0.00000758–$0.00000817, and a dense cluster of short liquidations just below $0.000008. Together these factors increase the likelihood of a short squeeze or a corrective bounce toward the H4 extension and the highlighted $0.00009 target. Historically, clusters of short liquidations near key resistance levels have produced sharp, short-lived rallies as shorts are forced to cover (similar dynamics seen in memecoin bounces in 2021–2022). However, the piece stresses the medium-to-long-term downtrend remains intact and that long-term holders may sell into the rally, limiting follow-through. For traders, the implication is a tactical, short-duration bullish trade: watch for a confirmed break above $0.0000066 to validate momentum, manage position size, and set clear take-profit levels near the stated targets to avoid reversal risk when longer-term selling resumes.