Shiba Inu (SHIB) is showing signs of a potential price recovery after maintaining key support levels, despite a 7.17% weekly decline. The meme coin ended the week with a 4% drop on Sunday, but recent price action suggests a rebound could be imminent. SHIB has consistently held support around the $0.0000074 mark, indicating bullish sentiment among traders. The token's price has been range-bound, with several attempts to break out of the channel's resistance area around $0.0000082. Despite facing selling pressure, SHIB has managed to bounce back from lows, closing the week at $0.00000750. As of now, SHIB is up by 2%, and if this momentum continues, it could target the upper range of the price channel. While the current demand zone recovery indicates bullish momentum, traders should remain cautious as market conditions can change. The potential for higher prices exists if SHIB breaks out of its current range, but a stall in momentum could lead to a retest of support levels.