Shiba Inu (SHIB) is testing a critical support level within a descending technical channel, with analysts watching for a potential price rebound. The token trades near $0.0000055279, down over 5% for the week. Separately, developers for the Shibarium network clarified that recent user issues with wallets and the explorer stemmed from configuration errors, not network failures. They advised users to update settings and confirmed all on-chain assets remain secure, with a privacy upgrade planned for the second quarter of 2026.
Shiba Inu is approaching a key horizontal support zone, drawing attention from traders monitoring for a technical rebound. According to data from CoinMarketCap, SHIB is trading near $0.0000055279 after a 5% decline over the past week.
The token remains within a descending channel on technical charts, indicating persistent selling pressure. A break below the current support could intensify the downtrend and signal continued bearish momentum.
Analyst Profit Demon suggests SHIB is nearing a bounce point at the lower edge of its pattern. The analyst identified several possible upside targets, including $0.0000070 and $0.0000093, should buyers successfully defend the support area.
Meanwhile, developers behind Shibarium addressed recent wallet connection and explorer display issues. “If something is not working on Shibarium, it is usually a wallet connection issue, not a network issue,” stated an official notice.
The team clarified that most problems were caused by incorrect or outdated RPC configurations. Users were advised to clear wallet caches and reconnect using updated RPC settings to resolve the issues.
Explorer display problems affecting some tokens and NFTs were linked to indexing delays and a temporary bridge update. Officials confirmed there was no indication of compromised assets, with all funds remaining secure on-chain.
Looking ahead, Shibarium plans a privacy upgrade for the second quarter of 2026. The development is designed to improve network security and technical functionality.
