$SHIB
🚨 Why Shiba Inu Price Going Down/Up Today? 🚨
To understand why Shiba Inu price going up today, we look at two primary factors: structure and sentiment. The price rebounded from $0.00001580 following a textbook retest of prior breakout support, signaling strong buyer presence. Moreover, the overall memecoin sector has been gaining momentum this week, with broader capital rotation into high-beta assets.
There is also clear bullish structure visible on higher timeframes. The weekly chart shows a potential trend reversal from the base formed around $0.00001230–$0.00001300. With SHIB now reclaiming levels above the 0.236 Fib zone and approaching the 0.382 region, this week’s close could confirm a trend shift if bulls push price toward $0.00001750 or higher.
Still, a failure to close above $0.00001660–$0.00001675 on strong volume could bring short-term pressure back toward $0.00001580.