Shiba Inu price has rebounded above $0.00001 after a heavy dip, buying, and accumulation.
Technical analysis shows a bullish wedge with breakout targets near $0.000032.
Immediate support lies at $0.0000105, and immediate resistance lies at around $0.00001137.
Shiba Inu (SHIB) price appears to be staging a comeback after a bruising stretch of selling and consolidation.
Recent on-chain flows, technical signals and ecosystem repairs point to a market that has finished a long accumulation phase.
Eyes are now on whether the setup will launch a sustained rally or simply draw another round of profit-taking.
Buyers rushed in after a sharp crash
Last week’s crash sent SHIB to a 2025 low of $0.00000850, briefly adding an extra zero to its price tag.
Buyers aggressively bought that dip, pushing the token back above $0.00001 within days.
The swift rebound erased the zero and forced short-term sellers to reassess positions.
That buying pressure was not insignificant. On exchange reserves, more than 600 billion SHIB were left trading platforms between September 22–26, and nearly 1 trillion SHIB were evacuated from exchanges during the October 11 crash.
Those moves suggest accumulation by longer-term holders rather than short-term speculators. In simple terms, large holders moved paper into cold storage, reducing potential sell pressure in the near term.
At the same time, the market’s burn activity spiked dramatically. Over 5.7 million SHIB were burned in a single 24-hour window, and weekly burns topped 46.6 million.
While burns alone do not create price momentum, they can tighten supply and amplify any bullish demand.
Technical setup lines up with bullish targets
Technically, SHIB has been forming a descending wedge pattern after months of lower highs. That pattern often precedes a breakout when buyers regain control.
Support has repeatedly held around the $0.0000090–$0.0000100 zone, a demand area that has cushioned downside moves.
Momentum indicators are beginning to tilt in buyers’ favour. On the daily chart, the RSI has recovered from oversold territory, and the MACD is showing early flattening.
Resistance remains nearby, however, with the 30-day SMA above current prices and a key resistance level around $0.00001137.
A clean breakout above those levels would validate the wedge and invite targets well above current trading.
Analysts see meaningful upside if the breakout holds, with some projecting an upward swing rally above $0.00004566, a level last visited in March 2024, to $0.0000691.
Other voices point to intermediate targets in the $0.000022–$0.000032 range as realistic first legs. Those forecasts imply substantial percentage gains from today’s levels, but they depend heavily on volume and macro conditions.
The key Shiba Inu price levels to watch
Near-term, the critical watchpoint is support at roughly $0.0000105. If SHIB can hold above that level, the market will have a clearer path to challenge immediate resistance.
Losing that support, conversely, could reopen downside toward the $0.0000090 demand zone.
On the upside, the next hurdles are clustered just above the current price.
A decisive move past $0.00001137 would signal follow-through buying and likely bring the $0.000022–$0.000032 range into focus.
A less forceful push may stall at the 30-day SMA or previous swing highs, which is where many traders will take profits.
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