Shiba Inu Recovers 37% After Crash: Bullish Signs for SHIB?

Shiba Inu (SHIB) is showing signs of life! After a significant market downturn, Shiba Inu recovered nearly 37% after the crash, moving from a low of $0.000007 to a high of $0.000009 in just two days. Is this a genuine recovery, and will SHIB remain bullish?

Shiba Inu Price Rebound: What's Fueling the Optimism?

On August 7th, the Shiba Inu (SHIB) price reached $0.000009, marking a 30% rebound from the dramatic market liquidations that saw it plunge 46.50% in 20 days. This impressive recovery has investors wondering if the worst is over.

Key Resistance Levels to Watch

For Shiba Inu to sustain a bullish rally, it must overcome two major resistance levels. The first target is $0.00001, a zone where the token has faced significant selling pressure in the past. Overcoming this resistance is crucial for further upward momentum.

Breaking Out? Shiba Inu's Recent History

However, in the last year, Shiba Inu price has been showing signs of breaking out. In 2025, it broke resistance at $0.00001, and it is now attempting to convert this level into support. A successful conversion would be a strong bullish signal.

Potential Risks: A 50% Crash on the Horizon?

Despite the positive momentum, Shiba Inu price risks a 50% crash if it breaches the lower boundary of a descending parallel channel. Technical indicators show that sellers are still outpacing buyers in certain timeframes, suggesting caution is warranted.

Conclusion: SHIB's Future – Bullish or Bearish?

The recent 37% recovery in Shiba Inu price is undoubtedly a welcome sight for investors. However, overcoming key resistance levels and keeping a close eye on technical indicators will be crucial to determining whether SHIB can maintain its bullish momentum. Keep an eye on $0.00001, the key level to watch.