Shiba Inu (SHIB) has experienced a slight price increase, raising expectations of a recovery. However, a closer look at the chart reveals that there is not enough foundation for a significant bullish trend. The current price of SHIB is $0.00001352, indicating a small increase from recent lows. Despite this, SHIB is still below its downward trendline, which has been a strong resistance level. Until SHIB breaks above this critical level, short-term gains should be viewed cautiously. The overall trend for SHIB is bearish, with lower highs and lower lows forming a downward pattern. The recent price movement was likely a retracement driven by short-term traders profiting from oversold conditions. For a real recovery, SHIB needs to break above the trendline around $0.00001497 with substantial trading volume. Without this breakout, SHIB remains vulnerable to further drops. Breaking below $0.00001200, the next significant support level, could lead to more decline. On the other hand, surpassing $0.00001500 may allow SHIB to test higher resistance levels. Although SHIB has seen some recovery, it is still trapped in a downward trend, and a true change in momentum will only be indicated by breaking above the trendline resistance. Any upward movement before that should be seen as a temporary correction rather than the start of a new bullish phase.



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