Shiba Inu recovered after recent losses, rising above $0.00000570 after falling near $0.00000545. The move briefly sent SHIB to about $0.00000575 before a mild pullback. Though short-term momentum has improved, the wider trend remains weak. At the same time, Shibarium updates drew fresh attention after users reported issues with the wallet and explorer display.
SHIB slipped from around $0.00000566 to near $0.00000545 during a period of steady selling. Earlier recovery attempts failed below $0.000565. That pattern showed that buyers still lacked control.
The tone changed when SHIB rallied above $0.00000570. Price then touched about $0.00000575 before easing to around $0.000005712. Even after that pullback, the token held above recent lows.
Resistance now stands near $0.00000575. Meanwhile, support is forming around $0.00000565. This leaves SHIB in a narrow range as the market watches whether the rebound can continue.
The broader trend continues to remain under pressure. On the daily chart, SHIB has posted lower highs and lower lows for months. Price has dropped from around $0.0000075 to near $0.00000568.
Recent candles show that rebounds continue to stall near earlier resistance levels, as sellers still control the wider structure. The latest bounce from around $0.0000054 remains limited and stays below previous highs.
Ali Martinez said SHIB’s weekly chart is flashing a critical signal as price compresses near a major support breakdown zone. That setup follows a long decline from the peak witnessed in 2024.
Since that high, SHIB has continued to form lower highs and lower lows. The trend has kept the bearish structure intact, with each rebound weakening over time.
A major level sits near $0.0000067. The area once acted as a strong demand floor, but repeated tests have made it fragile. Smaller rebounds now suggest fading buyer strength.
Momentum indicators also remain soft. The RSI stands near 39.8, showing weak bullish strength and lingering bearish pressure. It is not deeply oversold, but it remains below stronger bullish territory.
The MACD also reflects weak momentum. The MACD line stays below the signal line, with values near –0.00000030 against –0.00000028. The histogram remains slightly negative, pointing to limited upside momentum.
Can this rebound last if the broader trend still points lower?
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Away from price action, Shibarium SHIB.io shared a connection notice with the SHIB community on X. The account said most connection issues do not come from the network itself.
Instead, many of the reported problems appear tied to wallet connections. The account said outdated or incorrect RPC settings often cause the issue. As a result, users may face access problems even when the network is running normally.
The account advised users to clear the wallet cache, remove the Shibarium network, and add it again using the correct RPC. Shibizens said that the process often resolves the issue quickly.
In a separate post, the account also addressed a Shibarium explorer display problem. Some users reported that certain tokens and NFTs were not appearing correctly on Shibarium Scan or in wallet NFT tabs.
Shibarium SHIB.io said the problem appeared linked to explorer indexing delays and a temporary bridge update. It reported no confirmed asset loss at the protocol level. Wallet balances remained accessible through RPC.
The account said the issue affected display and indexing rather than the on-chain state. Core network operations continue normally. Earlier in February, Shibizens also said the Shibarium explorer had migrated to a new server.
Shibarium’s privacy upgrade remains scheduled for Q2 2026. The update marks a key technical milestone for the layer-2 network.
Shiba Inu posted a short-term rebound after recent losses, but the wider trend remains weak as key indicators stay soft. At the same time, Shibarium users faced wallet and explorer issues, though no asset loss was confirmed. Traders now watch whether SHIB can hold support and extend the recovery.