Shiba Inu (SHIB) has rebounded from a support level near $0.0000055, facing selling pressure around $0.0000059 as it tests bullish demand against profit-taking. The token gained 2.04% in 24 hours but remains down 8.35% over the week, with trading volume dipping to $118.2 million. Analyst Haily LUNC noted SHIB is printing higher lows with increased volume, signaling growing buying interest and potential for a short-term breakout, though broader daily chart indicators still reflect bearish momentum.
Shiba Inu (SHIB) recovered from support near $0.0000055 before encountering selling pressure around $0.0000059. The token’s 24-hour price increase of 2.04% contrasts with an 8.35% weekly decline, reflecting ongoing market caution.
Trading volume decreased by 11.69% to $118.2 million, suggesting reduced speculative activity. Analyst Haily LUNC pointed out that “bullish momentum is strengthening steadily on the lower time frames.”
The analyst observed the token is printing higher lows with rising trading volume, a sign of increased buying sentiment. Market speculation about potential price moves is spreading throughout the crypto community.
On the daily chart, SHIB has recorded lower highs and lower lows since mid-January 2026. Recent candles show weak recovery attempts, indicating the prevailing bearish trend.
The RSI(14) sits at 36.74, showing bearish momentum near oversold territory without a clear reversal signal. The MACD indicator remains below the zero line with a negative histogram, confirming the downtrend.
