Shiba Inu (SHIB) has rebounded from a recent downtrend, stabilizing at $0.00000857 after a volatile week. The cryptocurrency reached a local high of $0.00000892 in late November and is now consolidating within a tight range. Bulls are defending the support zone as SHIB approaches key Fibonacci resistance levels. On the weekly chart, SHIB remains below the 1.0 Fibonacci extension level, with significant resistance at $0.0000113 (0.786 retracement) and $0.0000124 (0.618 retracement). Failure to surpass the 1.0 Fibonacci level could see the price drop towards $0.0000064 (1.618 extension). Recent liquidation data indicates that losses have primarily affected over-leveraged long positions, suggesting a potential sideways or mildly bullish trend in the near term.