🔥 $SHIB — Demand Zone Holding Strong 🔥
$SHIB is currently trading near 0.00000716, bouncing cleanly from the 0.00000711 demand zone — a level buyers are clearly defending.
📊 What the chart is telling us: • Long lower wicks → strong buyer absorption • Selling pressure is losing momentum • Volume spikes on recovery candles → smart accumulation signals • Downtrend exhaustion becoming visible
🐕 Market Context: SHIB has suffered brutal drawdowns over the past months — but remember: 👉 Memecoins don’t die, they hibernate.
This zone is typically where: ✅ Smart money quietly accumulates
❌ Retail capitulates and exits
⚡ Liquidity gets built for the next expansion
🚨 Important Reminder:
When $SHIB moves, it doesn’t send invitations. The breakout usually comes fast.
👀 Watching closely for confirmation above this base.