Shiba Inu: Key Support Proximity Could Spark a Major Bounce

I see SHIB trading around the mid-0.000012 price range after a softer session in a sideways market, with two key weekly support levels near 0.000010 and 0.000007 absorbing selling pressure. Historically, SHIB has bounced when it revisited the 0.000010 area, suggesting there’s real demand in those zones. If it can clear its descending trendline and sustain volume, the upside targets look compelling: roughly 0.00003364 (~170%), 0.00005480 (~330%), and around 0.00007716 (~500%). On the flip side, weak follow-through on volume or a break of weekly supports could darken the picture quickly, making risk management crucial. Watch for inflows into exchanges and whale movements, as large transfers onto exchanges often precede selling pressure. Short-term models offer a more modest viewpoint, so the path ahead hinges on catalysts, volume, and on-chain signals rather than pure price action alone. Overall, the setup suggests a potential bullish trigger if support holds and buyers step in with volume, but the current technicals reflect a cautious stance with mixed momentum and notable downside risk if buyers fail to defend the key levels. The market mood is transitioning, and a break of the weekly supports with rising volume would shift attention back to risk-off dynamics and potential retracements from the recent gains. Investors should consider a phased approach: monitor the 0.000010 support as a critical inflection, confirm volume-led upside breaches, and avoid aggressive long exposure without clear, sustained volume confirmations. Given the volatility, tighten risk controls and observe on-chain flows and exchange activity for corroborating signals.