Shiba Inu (SHIB) Shows Signs of Reversal Amid Renewed Buying Interest

Shiba Inu (SHIB) is showing early signs of a potential recovery after an extended downtrend. The meme coin is holding above the critical $0.00001200 support level, a historically strong accumulation zone. SHIB recently formed a higher low—a classic bullish signal indicating a structural shift in momentum. This suggests that buyers are stepping in earlier, absorbing selling pressure and preventing new lows.

The recent bounce to $0.00001244 reflects renewed investor interest, with increased trading volume confirming that this upward move is supported by real market activity, not just a temporary spike. The Relative Strength Index (RSI) has also climbed to 44, signaling a move out of oversold territory and into more neutral ground—another positive sign for potential upside.

However, SHIB still faces significant resistance, particularly at the 50-day EMA, which currently acts as a dynamic barrier to further gains. Key resistance levels to watch are $0.00001300 and $0.00001357. A breakout above these could confirm a stronger bullish trend and shift overall market sentiment more decisively.

Despite recent gains, the long-term outlook remains cautious. Sustained momentum and a clear break above resistance are needed to validate a full trend reversal. Still, with increasing volume, improving RSI, and support holding firm, the technical setup for SHIB offers a cautiously optimistic view for short-term traders and long-term holders alike.

Investors should monitor upcoming price action closely, as further strength above resistance zones may signal the beginning of a more sustained rally in Shiba Inu’s price.