Shiba Inu just rebounded strongly after hitting support, and the numbers suggest there could be more movement ahead. I noticed the token dropped to the $0.0000055 zone but buyers entered quickly. This aligns with what some analysts were already expecting.

What's interesting is that the movement aligns with what SwallowAcademy had outlined in previous analyses. The rebound was quite clean, indicating genuine demand at those levels. Bitcoin also helped the overall market sentiment, surpassing $68,000 earlier this week.

If Shiba Inu manages to break the nearby resistance, analysts are eyeing a target at $0.00000644. That would represent a 15.6% gain from its current position. Interestingly, that level coincides with the peak reached on February 26, so it makes sense as a zone to watch.

Analysts also mention the possibility of a stronger move on higher timeframes, with projections toward $0.0000085, but warn that there is still downward pressure in the market. For now, everything depends on whether the overall crypto market maintains this bullish momentum or if the bears manage to regain control. The coming days will be key to defining the direction.