Shiba Inu (SHIB) is maintaining its position above a crucial weekly support level despite a broader market downturn, with the token down nearly 5% in the past 24 hours. The meme coin has managed to stay above its January 31 low of $0.00000616, suggesting a consolidation around the $0.0000060 support area. This resilience, coupled with reduced exchange reserves as whales move SHIB to self-custody wallets, indicates potential accumulation. Analyst MMBTrader remains optimistic about SHIB's prospects, suggesting a bullish reversal could lead to a significant upward move. He projects an initial target of up to 100% from the support area, potentially reaching $0.00001325. Further targets include a 368% rise to $0.0000336 and a 1,016% surge to $0.0000730, contingent on the current sell-off subsiding and Bitcoin's stability. However, continued market weakness could challenge SHIB's support.