# SHIBAINU

🦊 Shiba Inu Shows Signs of Potential Reversal After Extended Decline
Shiba Inu appears to be forming a bullish pattern after weeks of downward movement. The meme coin has shown technical signals suggesting a possible trend reversal may be underway.
Recent price action shows SHIB holding above critical support levels while other major cryptocurrencies struggled. The token has formed a rejection candle on the daily chart with a long lower wick. This formation indicates buyers stepped in aggressively near local lows. At the time of writing, Shiba Inu trades at around $0.0000000001179.
The patter

$SHIB is currently trading around a key demand area where buyers have shown interest in the past. This zone already proved its importance by triggering a strong reaction earlier, which makes the current price behavior worth watching closely. The pullback so far looks controlled, not aggressive, suggesting sellers are not fully in charge.
If SHIB manages to hold this area and starts forming higher lows on lower timeframes, it could indicate that accumulation is taking place rather than distribution. These types of pauses often appear before continuation moves, especially when they occur at we