Shiba Inu price key technical points

Monthly support has been reclaimed, invalidating the recent breakdown

Oversold conditions are easing, supporting a relief bounce scenario

Holding above value area low increases upside probability, toward range highs

The recent sell-off in Shiba Inu was aggressive, producing a sequence of lower lows and strong bearish momentum. However, this downside move ultimately pushed the price below a key monthly support level, a zone that has historically attracted demand.

Rather than accepting below this level, the price quickly rebounded and reclaimed support, forming a bullish retest. This type of behavior is often associated with capitulation-style moves, where sellers exhaust themselves and buyers step in aggressively once liquidity is taken.

From a market structure perspective, reclaiming lost support after a brief breakdown weakens the bearish case and increases the likelihood that the move lower was corrective rather than trend-defining.