Shiba Inu (SHIB) has shown a key price rebound that traders say helps keep its uptrend intact after recent weakness. The meme-coin’s price held above local recent lows and bounced higher, with the relative strength index (RSI) now out of deeply oversold territory — a technical setup that opens the door for further upside if broader crypto sentiment stabilizes. Analysts point out that breaking above near-term resistance levels like the 50-period EMA will be critical for SHIB to confirm a sustained recovery rather than a brief relief rally.
The bounce follows renewed interest in meme coins more generally, with Dogecoin and Pepe also showing strength on bullish technical setups.
Overall, while SHIB still faces resistance hurdles and mixed technical signals, today’s price action is being watched as a potentially stabilizing move that could support further gains in the short term.
