- Shiba Inu holds key support, signaling potential bullish reversal toward higher targets.
- Community optimism and social activity sustain investor confidence amid market volatility.
- Analysts predict a 2–3X rally if SHIB maintains momentum and breaks key resistance.
Shiba Inu is showing fresh strength after weeks of market turbulence . The token has captured traders’ attention again as it tests a key weekly support level. Analysts believe this area could trigger a major rebound. With SHIB stabilizing near $0.0000108, bullish momentum may soon return. If that support remains firm, a breakout toward $0.0000176 could unfold, setting the stage for a possible 3X rally in the near term.
Renewed Momentum After a Market Shakeout
For weeks, Shiba Inu traded within a tight range , leaving traders frustrated by low volatility. Recent activity shows the calm phase might be over. The market has shifted from a dead range to more active price action. This change followed a sharp drop that many traders called a stop-hunt. Large players likely triggered that move to liquidate leveraged positions and remove weaker hands.
Even experienced traders suffered from the impact of the dip thus highlighting how volatile the crypto market can be. Nevertheless, the way SHIB has recovered from the dip signals increasing strength. The price action shows buyers reclaiming control. Technical indicators show that the $0.0000108 level is being respected as solid support. If that holds, the next targets are $0.0000176 before the potential to target $0.00005.
Community Optimism and Future Prospects
The Shiba Inu community remains instrumental in the band’s efforts to keep the project going. Influential supporters are advising people to be patient during the recent price dips and hence, a positive mood is felt all over social media. A recent message from Shib Spain was full of hope and it read: “BIG REVERSAL SOON! HOLD STRONG $SHIB.” The post showed a SHIB mascot animatedly coming out of the sea—a metaphor of power and comeback.
After the October 12th 7.7% drop to $0.00001, the positive spirit is still retained. Critics may refer to SHIB as “dead,” but the volume of trading and engagement online are evidence to the contrary. Social media activity is the lifeline through which the interest in the project is kept. New investors along with long-term holders are the result of this activity.
Despite that, many experts see room for meaningful growth in this market cycle. Shiba Inu is regaining strength near key support, signaling renewed investor confidence. Technical patterns favor an upward move if support holds firm. The community’s optimism continues to drive attention and sentiment. With bullish momentum building, SHIB could soon deliver a strong rebound, rewarding those ready for the next rally.
