I've been watching the trend of SHIB recently and found it quite interesting.

First, let's talk about the data. The 24-hour trading volume is 81.63 million dollars, with a trading volume of just over 9.3 billion coins. The activity level is decent. More importantly, the price has been hovering around the 0.008367 mark for quite a while, and now there's finally some movement—bull positions are quietly increasing, and it feels like there is capital stealthily building positions at this low level.
From a technical perspective, a short-term support has formed around 0.008367, and the price has started to rise from this point, currently approaching the 5-day moving average. The trading volume has also increased, indicating that real money is being invested, rather than just a speculative rise.
Market sentiment is also shifting. Previously, everyone was quite pessimistic, but now that stability is being seen, some people are starting to try going long, and optimistic sentiment is gradually rising. This shift from pessimism to optimism is often the beginning of a rebound.
My judgment? The short-term trend has already turned from a decline to an increase, and we are now in the early stage of a rebound. If you want to enter the market, it is relatively safe to go long with a light position. The target can be in the range of 0.0105 to 0.0108, with a stop loss placed below 0.0083. Of course, the premise is that the price can break through the resistance level of 0.0095. If the trading volume starts to shrink, then you should consider taking profits or withdrawing.
Based on the current momentum, there may be a rebound space of 20%-25% in the next couple of days. However, that being said, meme coins are highly volatile, so it's important to manage your positions well and not get too carried away.