- SHIB jumped 1.78% to $0.00001088 having recovered its ground following a solid support level of about $0.00000984.
- The resistance level at $0.00001097 is a crucial short run obstacle with the next objective of the buyers being $0.00001209.
- The token has increased 4.6% relative to BTC and 0.1 relative to ETH indicating early recovery signs despite a 14.7% weekly decline.
Shiba Inu (SHIB) showed new strength in recent action, climbing 1.78% to trade at about $0.00001088 after a crazy week. The rally follows bulls targeting $0.00001209 as the next hurdle, which corresponds with SHIB’s last accumulation zone.
The token’s lukewarm comeback followed a steep seven-day drop of 14.7%, registering new short-term buying interest after consecutive sell-offs. Despite the recent downturn in the larger crypto space, SHIB has again evidenced early signs of stabilization based on its enormous participant base and continued trading volume.
Recovery Momentum Builds Around Short-Term Support
The recovery process began when SHIB set up a key support zone around the level of $0.00000984. According to market data, the token always kept the bids above this price which avoided further downward movement. This area remains as a stabilizing base which means that SHIB is slowly gaining ground as liquidity conditions are getting better.
The latest 24-hour range between $0.00000984 and $0.00001097 highlights a narrow but steady upward movement. Such range-bound trading often reflects consolidation before a potential attempt toward resistance.
Resistance Levels and Market Reaction
SHIB currently faces notable resistance at $0.00001097, a level that previously marked the upper limit of short-term rallies. The chart structure shows multiple rejections near this area, underscoring its importance for the next directional move. A sustained break above it could open the path toward $0.00001209, which remains the primary technical target for traders monitoring the pair. The token’s current strength is further emphasized by a positive intraday shift against both Bitcoin and Ethereum, gaining 4.6% versus BTC and 0.1% versus ETH.
Trading Volume and Near-Term Observations
Shiba Inu’s trading pattern continues to attract close observation, as intraday volatility remains moderate but consistent. The green candlestick formation seen in lower timeframes reflects steady accumulation, although broader market sentiment still dictates short-term outcomes.
It is worth noting that the fast response of SHIB to market downturns supports its status as a large volume player during recoveries. As the interest in trading remains close to the major resistance, the traders are monitoring the market at the level of the $0.00001097 area to determine the intensity of the current upward trend.
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