Shiba Inu (SHIB) may be on the verge of a significant price rebound after a period of consolidation and broader market correction. The popular memecoin has started showing signs of recovery, aligning with a positive shift in the overall cryptocurrency market sentiment. In the past 24 hours alone, SHIB recorded a 6% price increase, sparking renewed interest among traders and analysts. Technical indicators, particularly the TD Sequential model, are flashing a potential bullish reversal, suggesting that a sustained upward move could be imminent.
Shiba Inu Shows Early Signs of Recovery
The Shiba Inu price is exhibiting early signals of a comeback, supported by the TD Sequential indicator on the weekly chart. This widely respected technical analysis tool is designed to identify exhaustion points in trends and predict potential reversals. A confirmed buy signal from TD Sequential often precedes a shift from bearish to bullish momentum—exactly the pattern currently emerging for SHIB.
For several weeks, SHIB’s price action was dominated by consecutive red candles, reflecting persistent selling pressure. However, the latest formation suggests weakening bearish control. The appearance of a TD Sequential buy setup indicates that sellers may be losing steam, creating space for buyers to step in and drive prices higher.
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Historically, TD Sequential has demonstrated strong predictive value in cryptocurrency markets, especially during consolidation phases following sharp declines. When such signals align with improving market conditions—like rising Bitcoin dominance and expanding altcoin volume—the probability of a successful bounce increases significantly.
At the time of writing, the total cryptocurrency market cap stands at $3.18 trillion, up 1% in recent hours. Trading volume has surged by 27.43% over the past 24 hours, reaching $125 billion. Bitcoin (BTC) is trading near $96,000, providing a stable foundation for altcoins like SHIB to regain traction.
Key Support and Resistance Levels for SHIB
Currently, Shiba Inu is trading at $0.00001669, up 6% in the last 24 hours. The price has been consolidating within a defined range, forming a critical battleground between bulls and bears. Immediate resistance lies at $0.000018, while key support is anchored at $0.00001500.
If buying pressure continues to build, breaking above $0.000018 could trigger a wave of short covering and new long entries, potentially accelerating gains toward $0.00002—a psychologically significant level many traders are watching closely.
Further upside targets include:
- $0.000022 – Previous consolidation zone
- $0.000025 – Strong resistance from earlier rallies
On the downside, failure to hold $0.000015 could open the door to deeper corrections. A breakdown below this level might push prices toward $0.000014 or even $0.000012, particularly if broader market sentiment turns risk-off again.
Technical indicators are increasingly supportive of a bullish case:
- The MACD histogram is transitioning into positive territory, signaling growing upward momentum.
- The Relative Strength Index (RSI) has climbed to 65—approaching overbought levels but still within healthy buying range—indicating strong demand without excessive speculation.
These signals suggest that momentum is shifting in favor of bulls, though traders should remain cautious until a decisive breakout occurs.
Frequently Asked Questions (FAQs)
Q: What is the TD Sequential indicator?
A: TD Sequential is a technical analysis tool developed by Tom DeMark to identify potential trend exhaustion points and forecast reversals. It counts price bars to detect setups where a reversal is statistically more likely.
Q: Is Shiba Inu likely to reach $0.00002 soon?
A: Based on current technical patterns and momentum, reaching $0.00002 is a realistic short-term target if SHIB maintains upward pressure and breaks through $0.000018 resistance.
Q: What are the key support levels for SHIB?
A: The primary support zone is between $0.000015 and $0.000014. Holding this range is crucial for maintaining bullish structure.
Q: How does Bitcoin’s price affect SHIB?
A: As a major altcoin, SHIB often follows Bitcoin’s lead. With BTC stabilizing near $96k, it creates a favorable environment for altcoin rallies.
Q: Can SHIB sustain long-term growth?
A: While short-term price action depends on technicals and market sentiment, long-term sustainability will depend on ecosystem development, adoption, and utility expansion within the Shiba Inu ecosystem.
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Final Outlook: Bullish Reversal in Progress?
The confluence of technical signals and improving market dynamics suggests that Shiba Inu may be entering a new phase of price discovery. The TD Sequential buy signal on the weekly chart carries substantial weight, especially when combined with rising volume and strengthening momentum indicators.
While no indicator guarantees future performance, the current setup presents a compelling case for cautious optimism. Traders should monitor volume trends and confirmation candles at key resistance levels to validate the strength of the rebound.
With Bitcoin stabilizing and institutional interest in digital assets continuing to grow, memecoins like SHIB could benefit from renewed speculative activity—especially if broader macro conditions remain favorable.
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Ultimately, whether this bounce turns into a sustained rally will depend on market participation and follow-through buying. For now, all eyes are on $0.000018—and beyond to $0.00002—as SHIB attempts to reclaim lost ground and reignite bullish momentum.
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