Shiba Inu Nears Historic Support as Early Rebound Signals Emerge

Jakarta, Pintu News – Shiba Inu (SHIB) is approaching a long-standing support area after months of consolidation, indicating a possible rebound. Analysts note that the $0.0000067 level has historically been a turning point for this crypto’s price movement.

The value of the token continues to slowly decline from its recent highs, testing investor patience as well as market sentiment. Traders are now watching price movements closely as Shiba Inu enters this important technical area.

Shiba Inu price nears crucial support point

Shiba Inu has been on a downward trend since March 2024, forming a pattern of progressively lower peaks and an equally declining base. The token briefly peaked at $0.00001009 on January 5 before dropping more than 32% to its current price around $0.000006764.

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Market watchers note that volatility is starting to subside as SHIB approaches an important support zone between $0.0000067 and $0.00000521. TradingView analyst KlejdiCuni emphasized that this area has historically been a price bottom for Shiba Inu.

KlejdiCuni points to previous price movements that showed strong bullish reactions when touching similar support levels. He highlighted the incident in September 2021, when SHIB dropped to $0.00000510 before surging over 800% the following month.

The surge eventually brought the token’s price to an all-time high of $0.0000885. According to the analyst, the current ongoing consolidation phase indicates the accumulation of momentum for the next big move.

He describes this situation as a long-term trading opportunity that should not be ignored.

Potential Target Price and Market Outlook for Shiba Inu

Analyst KlejdiCuni revealed several potential price targets if Shiba Inu (SHIB) manages to rebound from a crucial support level. The first target he sets is $0.0000170, followed by $0.0000320 as the second target, and $0.0000420 – which is near the March 2024 high – as the final target.

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The three levels represent an increase of approximately 150%, 370%, and 518% respectively from the current SHIB price.

However, KlejdiCuni notes that the timing of these targets is still uncertain. He emphasizes the importance of patience and a long-term investment strategy. In addition, he also warned that the support at $0.0000067 may not hold and a potential rebound cannot be fully guaranteed.

Despite these caveats, the historical significance of this support level still provides a clear technical benchmark for traders. Shiba Inu’s past reactions to similar levels, coupled with indications of ongoing accumulation, suggest that the crypto may be preparing for its next big move.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Shiba Inu Price Nears Historic Support Level, Potential Rebound Signals. Accessed on February 5, 2026