After one of the cruelest corrections of the year, Shiba Inu (SHIB) might be preparing for a resurgence. Following the recent crypto market crash, the meme token’s price added a zero, significantly impacting its value. However, it now seems to be stabilizing, and if momentum continues, SHIB may be able to remove that zero in the coming days.
### Shiba Inu Market Reversal
In an effort to create a base for a potential reversal, Shiba Inu has been consolidating closely near its local bottom, currently trading at about $0.0000098. The price action indicates that sellers are clearly exhausted, as there was a noticeable increase in buying volume following the large liquidation-driven decline that pushed SHIB below $0.000010.
Despite the high level of volatility, the last few sessions have shown smaller candles and less trading activity, which are typical indicators of market hesitancy prior to a breakout. Technically speaking, Shiba Inu has yet to regain any significant short-term bullish structure, as it continues to trade below all three major moving averages: the 50-, 100-, and 200-day EMAs.
### Another Push for SHIB
Nonetheless, the Relative Strength Index (RSI) near 39 suggests that SHIB is approaching oversold territory—a zone where price reversals often occur. To push SHIB back above $0.000010 and remove the recently added zero, a clean breakout above the $0.0000112-$0.0000120 resistance zone would likely attract new momentum traders and retail inflows.
For the next three days, volume confirmation will be crucial. A short-term rally could be underway if trading volume rises and a green candle closes above $0.0000105, signaling that accumulation is taking place at current levels.
Bullish sentiment may also be strengthened by an increase in wallet activity or exchange outflows, according to on-chain data.
Keep an eye on these key indicators as SHIB navigates this critical phase—there could be a potential upswing on the horizon.
https://u.today/shiba-inu-shib-to-erase-zero-in-3-days-if-this-happens
