Shiba Inu, a prominent cryptocurrency inspired by meme culture, has maintained its position around a significant support zone. This stability has led analysts to express renewed optimism that the asset might be preparing for a potential reversal.
Despite a period of weakness across the broader cryptocurrency market, SHIB continues to capture the attention of traders who are closely monitoring its technical structure. Over the past week, the token has experienced a 1.7% decline, followed by an 18.77% drop in the last 30 days. Year-to-date, its value has decreased by more than 42%.
These downward movements indicate a prevailing bearish trend. However, some analysts suggest that SHIB's long-term technical framework remains intact.
SHIB Holding at a Key Support Range
Market analyst ForexDremVantage recently shared an update indicating that Shiba Inu has successfully held its ground above a critical support level situated near $0.000010. The analyst stressed the importance of maintaining this range to prevent further price declines and potentially pave the way for a recovery.
According to the analyst's assessment, this price zone has acted as an accumulation area since March 2025, as investors have been consolidating their holdings at these lower levels. Other market commentators have echoed similar sentiments, observing that prolonged accumulation at major support areas often precedes significant price movements.
Potential Recovery Levels Identified
In his latest analysis, ForexDremVantage also highlighted additional technical levels that could influence SHIB's short-term price direction. He identified $0.0000119 as the next significant area of demand, describing it as a potential recovery target and a zone that also contains substantial supply pressure.
The analyst projected that a movement toward this level would represent an approximate 20% increase from the current trading price of $0.00001047. Successfully reclaiming this price point could serve as confirmation of renewed bullish momentum, indicating that the market is poised for an upward trend.
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However, the analyst cautioned that several resistance zones lie overhead. The most immediate obstacle is a descending trendline that has consistently capped price advances since May, when SHIB last traded at $0.00001765. Technical data indicates that this trendline is currently positioned near $0.000013, which is approximately 31% above current prices.
Confirmation of a Bullish Reversal
ForexDremVantage stated that a decisive breakout above the descending trendline would likely move Shiba Inu into what he terms the “trend reversal zone.” This zone begins near the May 12 high of $0.00001765, representing a potential 78% gain from current levels.
Achieving and sustaining a price above this threshold would, in his opinion, confirm a shift from a bearish to a bullish trend. Such a development would also establish new price targets at $0.000020 and $0.000025, levels that could define the next phase of SHIB's market cycle.
While SHIB continues to trade under pressure, its ability to hold key support areas suggests that selling momentum may be waning. Analysts note that if buying interest increases at the current range, the asset could be positioned for a gradual recovery.
Nonetheless, sustained gains will depend on SHIB's capacity to overcome multiple resistance levels and maintain consistent trading volume.
Currently, the market's attention is focused on whether Shiba Inu can preserve the $0.000010 support level. A breakdown below this threshold could expose the asset to new lows, whereas a confirmed move above $0.000013 might signal the commencement of a broader recovery phase.