Shiba Inu (SHIB) Price Shows Signs of Bullish Rebound

After a recent decline, Shiba Inu (SHIB) is experiencing a potential price surge with daily gains exceeding 3%. The meme coin’s recovery was aided by a support level around $0.00001230, historically signaling reversals. This rise is partly attributed to the increased Relative Strength Index (RSI), currently at 47.8, showing upward momentum and potentially indicating increased bullish sentiment. The current rebound from this zone may suggest the start of a short- to medium-term price recovery.