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SHIB Holds Above $0.0000075 Support as Market Eyes Recovery
⬤ SHIB’s been stuck in neutral after some wild price swings, compressing into a pretty clear range right now. Price is hanging near 0.00000795 against USDT, with recent candles showing basically sideways action. Here’s the thing—the broader crypto market looks ready to bounce back, especially with gold hitting fresh all-time highs and Bitcoin potentially following that momentum.
⬤ The chart’s showing an accumulation box forming above that nasty downside spike we saw earlier. Selling pressure’s dried up for now. Price is holding above the local bottom around 0.00000750, which caught the recent wick and turned into short-term support. Since then, SHIB’s been trading in this tight band—pretty balanced between buyers and sellers, no real conviction either way.
⬤ If price breaks out of this range, there are several upside targets worth watching. First resistance sits at 0.00000851, then you’ve got higher zones at 0.00000914, 0.00000962, and 0.00001009. These levels all line up with spots where price stalled before, so they’re definitely on traders’ radars if bulls start pushing.
⬤ This consolidation matters because SHIB often moves with broader speculative sentiment in crypto. These sideways patterns can set up directional moves once confidence comes back. With gold already making new highs and Bitcoin potentially gearing up to follow, how SHIB behaves could signal whether risk appetite’s actually rebuilding across the digital asset space.