• SHIB is carefully supported by $0.000010 to $0.000011 and there is no room to fall any further when the pressure to sell is high.
• Technical indicators indicate the formation of a potential double bottom pattern around the area of $0.00001000, which is a possible range rebound.
• The regular rotation within the liquidity in mid-cap altcoins helps to keep SHIB piling up even with the 14.5% each-week decline.

Shiba Inu (SHIB) is in hot market focus as bulls defend a major support level following a week of uninterrupted pressure. The token was trading at $0.00001016, having dropped 14.5% over the past seven days. Currently, information shows SHIB to be trapped in a narrow consolidation channel as investors wait for confirmation of an eventual breakout. Despite the recent volatility, the price stability at levels above $0.00001000 remains to define near-term sentiment, and liquidity conditions in the broader meme coin market improve incrementally.

Bulls Aim to Maintain Support Between $0.000010 and $0.000011

The chart indicates that SHIB moves within a specific limit of range between 0.00001026 and 0.00001074, where buyers protect the bottom. This range seems vital in maintaining the market structure in advance of any new upward movement. 

Recent declines, however, drove the token down the consolidation channel that it had been in, to the lower end, where the buying activity was high. According to market data provided by Binance, trading volumes are also stable with the market experiencing steady market participation despite uncertainty in the short term.

Technical Setup Suggests Potential for Range Rebound

Technically, SHIB is still trading over a well-defined support base. The apparent price trend shows a tried-doubled bottom at about $0.00001000 which has been tested in the previous sessions. It is interesting to note that the identified path of recovery suggests potential upward movement in case the price remains more than this line. 

The resistance stands at 0.00001074 and a breakout above this moment may initiate momentum to the mid-range levels experienced during the beginning of the month. The four-hour chart Relative Strength Index (RSI) also indicates a gradual stabilization, which is in line with the behavior of the recent accumulation.

Market Dynamics Reflect Gradual Liquidity Return

Liquidity on altcoins in the mid-cap, such as SHIB, has been observed to rotate, with new purchases beginning to arise around important technical support. Although the weekly change has steadily dropped to 14.5 percent of last week, the capacity of the token to keep the structure reflects consistent demand at current valuations. 

In addition, SHIB BTC and Ethereum pairs that are 0.0109274 BTC and 0.082579 ETH respectively indicate that the volatility could be low as compared to major assets. The current protection of the $0.000010 level is critical, and its maintenance would support the short-term recovery perspectives and sustain the larger trend coincidence.