Shiba Inu Holds Firm at Key Support Level as Rebound Setup Takes Shape

thecryptobasic.com 2 h

Analytics

Despite recent weakness, Shiba Inu buyers are stepping in to defend a key support zone, increasing the chances of a short-term rebound.

The broader financial downturn continues to pressure cryptocurrencies, driving major assets lower. Notably, Shiba Inu has repeatedly tested a critical support level, and analysts now suggest the token may be preparing for a bounce.

Key Points

Shiba Inu is repeatedly defending a critical support level around $0.00000724.
The token last traded near this zone last month and has since returned amid a broader market pullback.
Sustained support at this level strengthens the case for a potential short-term rebound.
However, any meaningful upside would require $SHIB to reclaim and hold above $0.00000809.

Rebound Imminent?

Popular community analyst $SHIB KNIGHT highlighted the observation in his latest Shiba Inu analysis. The accompanying chart shows $SHIB pressing into a well-defined support zone around $0.00000724 after a sharp pullback.

As a result, he noted that buyers have repeatedly defended the price from falling below this crucial support. This pattern signals strong demand at lower levels and growing seller exhaustion. As support continues to hold, KNIGHT suggested that the setup may signal an imminent rebound.

Shiba Inu Defends Crucial Support

Historical Context

For context, $SHIB last traded at $0.0000072 in December 2025 during a broader market decline. Although early recovery attempts failed, bulls regained control earlier this month, pushing the token toward $0.00001.

However, persistent selling pressure soon dragged $SHIB back to the $0.0000072 support yesterday amid the broader market slump. Despite ongoing volatility, buyers have stepped in aggressively to defend this level, limiting further downside.

Currently, $SHIB trades near this support zone at approximately $0.000007276 and could be aiming for a rebound, according to KNIGHT. However, a clean break below the level would invalidate the setup and could open the door to further downside.

Shiba Inu Next Move

Meanwhile, Shiba Inu has faced sharp volatility over the past day, with prices swinging between $0.0000075 and $0.0000071. As a result, $SHIB lost a key support at $0.00000748, which has now flipped into resistance, while $0.00000724 serves as the immediate support. However, if this level fails, the next support lies at $0.0000069, which could offer temporary relief if selling pressure persists.

Moreover, $SHIB must reclaim the 0.236 Fibonacci retracement level around $0.00000809 to trigger any meaningful upside. Else, recovery attempts may remain limited.