Shiba Inu Defies Odds: $0.00001000 Support Holds Strong, Bullish Reversal Brewing

Shiba Inu isn’t just barking up the wrong tree—it’s clawing back. The meme coin’s stubborn hold above $0.00001000 signals early bulls might finally be waking up from their crypto winter nap.

The Floor That Won’t Crumble

Despite the usual circus of whale dumps and paper-handed retail traders, SHIB’s support level stands firm. No fancy algorithms needed—just pure, chaotic market psychology playing out in real time.

A Reversal Even Traders Can’t Ignore

When a token this volatile stops nosediving, even the most cynical chartists take notice. The bounce off $0.00001000 smells suspiciously like early accumulation—or just another trap for overleveraged degens.

The Punchline?

Whether this is the start of a legit rally or another ‘buy the rumor, sell the news’ joke, one thing’s clear: in crypto, even the dogs get their day. Until the next ‘uprising’ gets dumped by insiders, of course.

• Shiba Inu (SHIB) bounces from the $0.00001000 support, gaining over 4% in the last 24 hours.
• Trading volume spikes to 1.6 trillion SHIB, signaling renewed buying interest.
• Circulating supply continues to shrink despite slower burn rate, supporting long-term bullish pressure.
• Price eyes resistance at $0.00001150 and $0.00001300 as signs of a trend reversal emerge.

SHIB is showing early signs of a potential rebound, with bullish sentiment slowly returning to the market. The token recently bounced from a key support zone NEAR $0.00001000 and is currently trading around $0.00001106, gaining over 4% in the last 24 hours.

This recovery comes after several days of downward pressure, with today’s green candle signaling a possible shift in momentum. Trading volume has surged to 1.6 trillion SHIB, indicating renewed interest from buyers.

The strong defense of the $0.00001000 level highlights growing confidence among shiba inu (SHIB) holders, possibly setting the stage for a short-term breakout.

Circulating Supply Drops, Shiba Inu Bulls Return

Adding to the optimism, the latest data from Shibburn reveals that while burn activity has slowed significantly, with just 282,515 tokens burned in the past 24 hours and 61.3 million over the past week, the supply continues to steadily shrink.

HOURLY SHIB UPDATE$SHIB Price: $0.0000108 (1hr 0.12% ▲ | 24hr 0.14% ▲ )
Market Cap: $6,365,937,130 (0.15% ▲)
Total Supply: 589,249,869,228,866

TOKENS BURNT
Past 24Hrs: 282,515 (-98.99% ▼)
Past 7 Days: 61,357,046 (-94.77% ▼)

The total supply stands at 589.2 trillion SHIB, and despite the burn rate cooling, the ongoing reduction of circulating tokens adds long-term bullish pressure. SHIB’s market cap has also ticked up to $6.36 billion, and price metrics show a steady climb, with hourly and daily gains of 0.12% and 0.14%, respectively.

As the market steadies, SHIB is eyeing key resistance levels at $0.00001150 and $0.00001300. A breakout above these zones could confirm a trend reversal and push the token into a new bullish phase.

While it’s still early to call a full recovery, the technical bounce, growing volume, and ongoing supply reduction paint a promising picture for SHIB in the near term.

Read More: Shiba Inu (SHIB) Drops to $0.0000103 Amid Crypto Sell-Off and Geopolitical Risks