SHIB: breakout or dead cat bounce? key levels to watchSHIB. Still waiting for this dog to wake up or is it just pretending to be alive? Meme coins have cooled off again according to market chatter, with flows rotating back into majors while SHIB burns keep growing but price refuses to follow. That combo usually means only speculators are left in the game, not real trend buyers.
On the 4H chart price is stuck in a tight range around local support near 0.0000060 after a brutal downtrend, with a staircase of red supply zones right above. RSI is climbing from oversold but still under 50, so it looks more like a relief bounce than a reversal. Volume profile shows the real liquidity sitting slightly higher, so I expect a push up into the 0.0000066–0.0000070 zone first, then sellers to hit it again.
My base plan ✅ wait for price to spike into that supply, watch for rejection wicks and fading RSI, then look for shorts back to 0.0000055–0.0000050. If buyers suddenly punch through and we start closing 4H candles above 0.0000072 with decent volume, I’ll flip to a long idea toward the next red zone higher. I might be wrong, but for me SHIB still looks more like a dead cat bounce setup than the start of a new meme season.
