SHIB Defends Key Support at 0.00000847 as Recovery Takes Shape

⬤ Shiba Inu is catching its breath after rebounding from an important technical area, with SHIB/USDT trading above the Golden Zone marked on recent charts. Price bounced from this zone and is now holding steady near 0.00000847. This level has become a short-term foundation after the recent pullback, showing clear buying interest at current prices.

⬤ The chart tells the story of SHIB’s recent journey—a sharp rally followed by a cooling-off period. After touching the 0.000010 area, price pulled back into the Golden Zone where buyers stepped in and put a floor under the action. Since then, SHIB has been trading in a tight range, suggesting the market is taking a pause rather than continuing lower. Staying above 0.00000847 keeps the near-term outlook positive and shows traders are still engaged at these levels.

⬤ If momentum picks up, there are several upside targets worth watching. The chart points to 0.00000885 as the first hurdle, with higher levels at 0.00001008, 0.00001085, and 0.00001210. These zones line up with previous price reactions and mark areas where sellers showed up before. Breaking through these levels would signal the recovery is gaining traction, while failing to clear them might mean more sideways movement ahead.

⬤ What makes this setup interesting is how SHIB often mirrors broader crypto market sentiment in the short term. The fact that the Golden Zone held suggests buyers are accumulating at these prices, which has brought stability after recent volatility. With SHIB defending support and recovery targets clearly mapped out, the next move depends on whether bulls can push through those resistance zones or if the range-bound trading continues.