Shiba Inu (SHIB) Tests Prior Cycle-Low Zone After 50% Drawdown, 400% Rebound Setup Reappears

Shiba Inu is currently trading around levels that previously marked a major cycle low, after shedding roughly half its value from recent local highs. The token shows weak momentum, low volatility and compressed price action, conditions that once preceded a rapid rally of about 400% in February 2024, but any similar move now would still depend on broader market liquidity and renewed risk appetite.