Bulls Are Returning Now that the market has stabi

Bulls Are Returning

Now that the market has stabilized, community analyst Shib Knight highlighted a shift in momentum and stressed that bulls are returning to SHIB.

His commentary comes alongside a chart that highlights Shiba Inu’s improving price action and tightening market structure — signals Knight believes could set the tone for a bullish week.

Notably, the accompanying SHIB/USDT chart shows the token trading at $0.00000870, reflecting a 1.28% intraday gain at the time of the snapshot. The closeness of the sell level at $0.00000871 and the buy level at $0.00000872 signals reduced volatility and a tightening trading range.

Moreover, the chart shows that SHIB has been steadily forming higher lows since dipping below $0.000007, a classic sign of bullish momentum building. The price action is trending sideways with periodic upward pushes, suggesting ongoing accumulation or renewed buying pressure.