$SHIB hovers near key support as technical indicators hint at a potential rebound—or a deeper drop ahead.
Shiba Inu (SHIB) sits at $0.00001362, testing crucial support at $0.00001295 that could determine whether the meme coin rebounds to $0.00001385 or crashes to $0.00001167. Technical indicators hint at relief, but on-chain weakness has traders watching closely.
✨SHIB Fights to Hold Critical Support Level
Shiba Inu (SHIB) is trading at $0.00001362, up +5.17% in 24 hours after bouncing from $0.00001300. The key support at $0.00001295 is make-or-break – a breakdown could send SHIB tumbling to $ 0.00001167.
The MACD shows easing bearish momentum, suggesting potential short-term relief. However, on-chain data reveals shorter average holding times and weaker holder support, creating a fragile foundation for any recovery.
✨Will SHIB Break Resistance or Fall Apart?
SHIB needs to reclaim $0.00001385 resistance to flip momentum bullish. Breaking this level could attract short-term buyers and spark renewed interest.
Until then, SHIB remains caught between two scenarios: a bounce toward $0.00001385 or a drop to $0.00001167 if sellers return. With mixed technical signals and shaky on-chain metrics, traders are watching volume and price action around these critical levels.
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