SHIB recently experienced a drop, but the reaction is not a sign of a major decline. The real distribution phase often looks like this: the price is quickly pushed down, hitting new lows, with trading volume increasing simultaneously. However, the current situation is different — after the price drops, it immediately stabilizes, the pullback isn't significant, and trading volume hasn't increased noticeably, which instead indicates that selling pressure is waning.

In the short term, there is a key reference point: the 26-period moving average. Treat it as the dividing line between bulls and bears. As long as the price continues to oscillate around this line without breaking through it directly, it suggests that a new downward cycle hasn't started yet. The market is actually accumulating energy, waiting for the next upward move. Looking at SHIB's historical candlestick charts, every time there is a major drop, if the price can oscillate around this moving average, it usually leads to a sustained rebound lasting several weeks — of course, provided that the overall market risk sentiment doesn't worsen.

Regarding the price level of 0.000009, a short-term cooling-off is normal. There are stronger moving averages above acting as resistance, making it unrealistic to break through in one go. The current pullback is more about "relieving selling pressure," gradually digesting the buy orders that aimed to sell earlier, rather than indicating a major trend reversal.

The most critical signal is this: after being blocked, the price didn't plunge rapidly. This means it is encountering "phase resistance," not a warning of trend reversal. When combined with momentum indicators, the market appears to be adjusting its rhythm and brewing for the next move. In simple terms, SHIB is currently gathering strength and hasn't reached a point of complete deterioration. The possibility of a rebound still exists.