Peter Smith
After a few quiet sessions, Shiba Inu (SHIB) is starting to wake up. In a recent post. The 24-hour chart backs up this early strength, showing a clear rebound and growing buyer activity.
Chart Overview: SHIB Regains Strength Above Key Levels
Analyst Etherscan_SHIB noted that SHIB is "waking up strong" as momentum builds—pointing out that small moves like this often hint at bigger shifts before they become obvious. According to CoinMarketCap, Shiba Inu is trading at $0.00001046, up 3.18% in the last 24 hours. After dipping near $0.00001009, the token bounced back sharply, forming a steep upward curve through the early morning. It's now hovering just below its daily high of $0.00001048, signaling strong buying interest.
The green volume bars at the bottom also show increased activity, suggesting investors are re-engaging after a calm weekend.
Technical Picture: Signs of Short-Term Momentum
From a technical perspective, SHIB's recent price action looks promising:
- Support Zone: The $0.00001009 level held as solid support, with buyers stepping in aggressively each time the price approached it.
- Resistance Test: The next hurdle sits around $0.00001050. A breakout above this could push SHIB toward $0.00001070.
- Higher Lows: SHIB is forming higher lows—a classic sign of strengthening bullish pressure.
- Volume Confirmation: Rising trading volume paired with upward price movement suggests this rally could have legs.
If SHIB stays above $0.00001035, the short-term bullish setup remains intact.
This positive move comes as the broader crypto market shows mild recovery, led by Bitcoin holding key support levels. Meme coins like SHIB often see amplified reactions when risk sentiment improves, attracting retail attention and speculative money.
Meanwhile, Shibarium—Shiba Inu's layer-2 blockchain—continues gaining traction, reinforcing the project's long-term narrative.
Peter Smith
