SHIB Price Holds $0.000010 as Market Sentiment Turns Neutral

• SHIB stays firm above $0.000010 as traders navigate a cautious but improving market mood.
• RSI and MACD indicators suggest a mild bullish shift is forming within SHIB’s price trend.
• Traders monitor $0.00001076 and $0.000011 levels for possible near-term breakout signals.

Shiba Inu (SHIB) is holding firm above the $0.000010 mark, a line that traders now view as its short-term lifeline. The market’s calm return after a volatile October has placed that level at the center of SHIB’s ongoing tug-of-war.

The token’s recovery comes after the sharp late-October sell-off, when prices briefly sank near $0.0000085. Since then, SHIB has stabilized within a narrow band between $0.0000095 and $0.000011, exhibiting a rare stretch of composure after weeks of volatile trading.

Earlier this week, a 15% rebound lifted the coin from $0.0000095 to just above $0.00001076, brushing against a key Fibonacci midpoint that capped further gains. A mild retreat followed as traders locked in profits, leaving the token down around 2% in the last 24 hours.

Outside SHIB’s chart, the broader mood across digital assets is slowly softening. The Crypto Fear and Greed Index has crawled from “fear” to a neutral 42, hinting that investors are regaining their footing after a rough month.

Confidence is inching back, though many remain on alert for fresh shocks. That sets up the question everyone is asking: Can SHIB hold the $0.000010 level long enough to spark another breakout?

Technical Setup Hints at a Possible Rebound

From a technical perspective, the SHIB token has been drifting within a symmetrical triangle, a pattern that often signals calm sentiment before a sharp move in either direction. However, at press time, SHIB’s value is pressing near the lower side of that range, a zone traders are closely monitoring for clues on the next major move.

On the other hand, momentum readings are supporting an emerging bullish thesis. The MACD index, for instance, reveals a bullish divergence, as its MACD line at -0.00000041 has crossed above its signal line around -0.00000051.

This suggests that sell-side pressure is waning and that buyers may be stepping in, which could lead to a short-term bullish trend reversal. The RSI paints a similar image. At press time, the RSI line sits near 43 and is steadily rising. A push above 50 would likely confirm that strength and could open the door for a test of higher resistance zones. Another clue lies in on-chain metrics.

More than $1.2 million worth of SHIB has been withdrawn from exchanges over the past two days. This behavior often reflects confidence in future price appreciation, as holders choose to secure their assets rather than actively trade them.

Related: Bitcoin Sentiment Turns Neutral as BTC Surges Past $115K

Can SHIB Hold $0.000010: Key Levels in Focus

Recent market sentiment suggests SHIB could maintain its footing above the $0.000010 support area and the lower range of its triangle pattern, at least in the short term. That stability may give the token the base needed to attempt a bullish reversal and push toward the 50% Fibonacci level near $0.00001076, a temporary resistance zone that traders are closely watching.

Clearing that zone would open the way to $0.000011, a former support line turned resistance, where many traders expect renewed selling. Yet, a more decisive breakout could invite another test of the October highs around $0.000012 and $0.000013.

Revisiting those areas would lend weight to a bullish setup and signal the start of a broader upward phase. Still, the market’s balance remains fragile. If sentiment weakens and SHIB slips beneath $0.000010, it could mark a return of bearish pressure.

The next key region sits between $0.0000097 and $0.0000092, aligning with the 23.6% Fibonacci level. Should that zone give way, the token may drift back toward $0.0000085, a price where dip-buyers have previously stepped in to slow declines.

In summary, SHIB’s short-term trend remains balanced as traders weigh the potential for a breakout. Sustaining support above $0.000010 could reinforce optimism, while any slip below that mark may revive caution and shape the token’s next decisive move.