Shiba Inu Buyers Step In as Market Dips — Is a Rebound Ahead?

Shiba Inu (SHIB) has not been an easy hold lately. The token slipped another 3.5% over the past 24 hours, extending its long downtrend. Year-on-year, the Shiba Inu price is still down 18.7%, even as other major cryptos have managed double-digit gains. For traders, the question is whether SHIB can break out of this weakness or if the slide will continue.

Recent on-chain and technical signals suggest that buyers may finally be stepping in — but the move hangs by a thread.

Fresh Buying Trends Backed by RSI Confirmation

Over the past 24 hours, while the market dipped, Smart Money wallets added 3.78 billion SHIB, while exchange reserves dropped by 56.6 billion SHIB. Together, this removed about 60.4 billion SHIB from exchanges, worth nearly $750,000 at the current Shiba Inu price ($0.00001235).

Shiba Inu Buyers Return: Nansen

This matters despite being a small number because it shows both Smart Money and retail traders are adding exposure at the same time. Whales, by contrast, have stayed quiet. When smaller buyers and large wallets align, it often signals conviction in the price floor.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

But buying flows alone don’t confirm strength — that’s where Chaikin Money Flow (CMF) adds context. CMF tracks the balance of inflows and outflows into an asset. When it trends higher, it reflects more capital entering than leaving.

Shiba Inu Buyers At A Key Support Level: TradingView

Here, the SHIB price tested the same support twice (around $0.00001226). Normally, repeating a low note can mean weakness. Yet CMF made a higher low during this second test, meaning inflows improved while price held flat.

In simple terms, SHIB buyers were more active on the retest than the first time. That’s often read as accumulation — larger players quietly absorbing supply while retail joins in.

This strengthens the case that the recent bounce is not random, but demand is building at a key support level of $0.00001226.

Key Shiba Inu Price Levels To Watch

The broader structure still leans fragile. The Shiba Inu price is trading at $0.00001235, sitting just above the heavy accumulation zone near $0.00001203.

This band has acted as strong support in the past, and the fresh inflows help explain why the Shiba Inu price has held here. Also, per the CMF hypothesis, the $0.00001226 is also a key support for SHIB, considering fresh buying was seen at that level.

Shiba Inu Price Analysis: TradingView

If buyers can build on these two bases, the first test comes at $0.00001271, one of the strongest resistance points. A clean break above would open the way toward $0.00001350, a level that would mark a 9.6% gain from current prices.

On the flip side, if SHIB fails to hold $0.00001203, a breakdown could follow, invalidating the bullish hypothesis.