$SHIB needs to reclaim $0.00000600 with strong volume before I would call the short-term trend properly bullish. Below $0.00000550, the picture becomes considerably weaker.
Key levels
🟢 Current zone: ~$0.0000057
Key support: $0.00000550
Important resistance: $0.00000600
🚀 If $SHIB breaks and holds $0.00000600: next target could be around $0.00000620, followed by $0.0000065–$0.0000070.
🔴 If it loses $0.00000550: downside toward $0.00000500 becomes more likely.
One positive factor is the $SHIB ecosystem and continued Shibarium development. But burns alone aren't currently large enough to dramatically change SHIB's enormous circulating supply, so sustained market demand is much more important.