Shiba Inu Completes Rebound Energy Buildup by Raising Lows

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) has halted its prolonged downtrend and is forming higher lows at the bottom range, compressing a strong reversal signal that many investors are overlooking.

According to crypto media outlet The Crypto Basic on February 23 (local time), despite persistent selling pressure, Shiba Inu’s downside momentum has eased and the asset has entered a stabilization phase for a potential trend reversal. While the broader trend on higher time frames still points downward, the emergence of gradually rising lows on the daily chart suggests that buyers are defending the market.

After plunging to $0.00000507 on February 6, Shiba Inu has secured the $0.000006 level as a key support zone and is maintaining a relatively steady trajectory. Rather than experiencing a sharp breakdown, the asset has been moving sideways while exploring a bottom range, indicating that supply is being sufficiently absorbed by the market. The narrowing range of candlestick fluctuations and the structural decline in aggressive selling pressure are classic signs that a downtrend may be nearing its end.

Notably, the gap between the moving averages and the price is narrowing. Shiba Inu’s 20-day moving average currently stands at $0.000006281, while the 50-day moving average is at $0.000007331, both converging closely with the current price. This price compression signals that a decisive directional move may be imminent, and a breakout to the upside could serve as the starting point of a full-fledged recovery rally.

Trading volume data also supports the weakening of selling pressure. The sharp spikes in volume that previously accompanied major sell-offs have noticeably declined, suggesting that weaker hands have largely exited the market. Analysts interpret the ongoing sideways consolidation as an accumulation phase that absorbs supply and lays the groundwork for a larger price surge once demand returns.

However, maintaining the current support zone remains a critical prerequisite for the recovery scenario. If Shiba Inu reclaims its short-term moving averages and holds support, the bullish outlook could gain momentum. Conversely, losing this level would leave the door open to additional downside risk. As overall investor sentiment in the broader digital asset market, including Bitcoin (BTC), seeks stability, expectations are rising for Shiba Inu’s independent rebound potential.

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