Shiba Inu is attempting to extend its latest rebound, but current market dynamics raise doubts about the token’s capacity to sustain a longer-term upward trend. Although SHIB has moved off its August lows, several technical barriers remain immediately above its current price. The SHIB token has climbed approximately 3% in the past 24 hours, currently trading at around $0.00000535. Notably, SHIB now sits above a moving average cluster in the $0.00000500 to $0.00000507 range, which has established itself as the primary support region. The rising trendline from August’s price bottom provides bulls with an important level to defend.