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Following
SHIB SHIB rebounded strongly, but a breakthrough above key resistance levels remains to be confirmed
SHIB (Shiba Inu) has recently shown strong recovery momentum, but prices are still limited by key resistance levels around $0.00006. If we can successfully break through $0.000061, the next goal will be $0.000067 or even $0.000072. Currently, support at $0.000055 is crucial to maintaining bullish momentum.
Shiba Inu once again provides traders with reasons to pay attention. After experiencing pressure for most of September, SHIB rebounded significantly and returned to recent lows. Market momentum has improved and buying interest has returned. However, there are still major tests ahead waiting for breakthroughs. The token is currently below an important resistance zone that will determine whether the rally continues or stagnates in the coming weeks.
$0.000006 is a key observation point
On September 30, the trading price of SHIB was approximately $0.00000576. The day before, the token price hit approximately $0.0000591. These gains mark a strong rebound after falling below $0.00005 earlier this month. Although market sentiment has improved due to this recovery, traders remain focused on one key area: the $0.00006 to $0.000061 range continues to serve as the main barrier. Over the past week, buyers have tested the area multiple times, but each attempt has not produced a lasting breakthrough.
As a result, SHIB remains tied below resistance. If we can successfully break through $0.000061, the situation may change quickly. Technical analysts see this level as a potential starting point. If the buyer regains control here, the next upside target will be around $0.000067. If kinetic energy increases, it may open the door to $0.000072. For now, bulls need to demonstrate their ability to push prices beyond resistance. Until then, despite recent gains, caution remains reasonable.
Technical indicators are more important than destruction efficiency
Many investors pay close attention to the destruction efficiency of SHIB. The latest data shows that daily destruction has dropped sharply, with a drop of more than 91%. Typically, such developments can cause emotional stress. But the market reaction this time was different: even though destruction activity fell sharply, the price of SHIB remained relatively stable. This reaction suggests that traders are currently focusing more on price structure than on news headlines about reduced supply.
Liquidity and market participation seem to be more important. Broader demand for Meme Coin is also a major driving force. Compared with destroying statistical data, the technical level has a greater impact on short-term trends. Looking ahead, the bullish scenario remains clear: SHIB needs to hold the support area of $0.000055 to $0.000056, while buyers must recover $0.000061. If these two conditions are met, advancing towards $0.0000067 will become a reality. The overall strength of the cryptocurrency market will also support a price move towards $0.000072.
中性情形下，SHIB 将在支撑位与阻力位之间震荡交易。这种区间态势可能会持续，直到新的动能出现。看跌情形始于支撑位的失守。若跌破 $0.0000055，市场注意力将重新转向 $0.0000051 至 $0.0000052 区域。此举将使九月的大部分反弹成果面临风险。目前，SHIB 拥有动能优势，接下来的挑战在于将这种动能转化为确切的突破。
