Shiba Inu (SHIB) has built a strong long-term support, reaching a threshold for a genuine recovery rally beyond mere meme-coin price swings. According to Utoday on Jan. 24 (local time), SHIB has found stability within a narrowing price range and halted aggressive downside moves. SHIB, which surged to $0.00001017 in early 2026, had fallen sharply on sell-side pressure until Jan. 12, but recently rebounded from a local bottom and formed an ascending support line.
This serves as a decisive signal that the downtrend no longer dominates the market. Volume flows observed on-chain show sellers’ energy is visibly exhausted. When prices dip temporarily, the decline-volume shrinks noticeably, a classic sign that sellers lack conviction to push prices lower.
Although buyers have not yet mounted an aggressive push, there are clear signs of accumulation as holders steadily absorb supply to defend the price. A textbook price structure appears to be distributing assets and moving into a new phase of accumulation.
The RSI, having escaped oversold territory, sits in neutral territory, suggesting a cooling of panic in the market. Short-term moving averages flattening at the base is a prerequisite for a longer-term trend reversal. SHIB has risen 0.82% over the last 24 hours to $0.00000853.
However, macro uncertainty remains as Fidelity warns of Bitcoin reallocation and there is a risk of about $1.37 billion in XRP outflows, underscoring macro risk. Yet, as SHIB previously rebounded after forming a golden cross following a death cross in late 2025, a firming of the current support could rapidly alter market perception from a dead meme to a leading recovery.
If SHIB maintains the current support and gradually clears key resistance levels, the investment narrative could fundamentally change. This stabilization, in an environment where seller energy is largely exhausted, is often seen as a prelude to heightened volatility. Investors will focus on whether prices break through major resistance to confirm early recovery signals and tailor their strategies accordingly.













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