SHIB Eyes Rebound As Shibarium Upgrade Sparks Optimism

SHIB holds key support near $0.0000090 as buyers show renewed confidence.

Shibarium upgrades improve transaction speed and boost community sentiment.

On-chain data signals gradual accumulation, hinting at a possible short-term rebound.

Shiba Inu seems to be catching a breather after weeks of selling pressure. The token has steadied around $0.0000098, showing early signs of recovery. Buyers continue to defend the $0.000009 – $0.0000092 zone, where demand has remained strong for months. With oversold signals flashing and on-chain activity improving, SHIB holders are cautiously watching for the next breakout. Recent network upgrades to Shibarium are also boosting confidence across the community.

Buyers Hold Ground While Sentiment Shifts

Shiba Inu’s daily chart shows SHIB forming a descending triangle pattern. Sellers continue to guard the upper trendline, but demand zones below $0.0000092 have held firm. The 20-day EMA sits near $0.0000111, while the 50-day and 100-day averages hover close above. A strong close above those levels could trigger a move toward $0.0000132.

Momentum indicators hint at recovery. The RSI near 34 signals oversold conditions, suggesting that downside pressure may be fading. A push above $0.0000102 could attract early buyers and spark a reversal attempt. On-chain data adds support to this outlook. SHIB recorded a $1.11 million net inflow on October 18, the first positive flow in weeks.

While modest, this shift shows gradual accumulation among spot traders. Analysts say sustained inflows above $5 million would confirm stronger conviction and likely fuel a sharper rebound. Meanwhile, leverage has dropped in derivatives markets. Open interest across futures contracts has flattened, pointing to fewer speculative trades.

Shibarium Upgrade Revives Confidence

Optimism around Shiba Inu’s ecosystem is growing again. The Shibarium layer-2 network recently received upgrades improving transaction speed and reducing congestion. These enhancements have opened new doors for SHIB adoption, including gaming features and micro-payment use cases. Community sentiment has turned more positive as developers continue to refine network performance.

At the same time, the ongoing token-burn initiative continues to chip away at supply. While price effects remain gradual, the burns reinforce SHIB’s deflationary framework and long-term value narrative. The combination of network progress and controlled supply growth is encouraging renewed trust among holders. Technically, resistance lies at $0.0000105, $0.0000111, and $0.0000123.

Breaking above $0.0000123 could clear a path toward $0.0000132 and potentially $0.0000140 if trading volume expands. Support levels remain steady near $0.0000090 and $0.0000087. A drop below those levels would weaken the short-term structure and expose deeper liquidity near $0.0000080. The next move depends on whether buyers can reclaim $0.0000105 and sustain inflows above $1 million daily.