<ul data-eligibleForWebStory="true">Shiba Inu (SHIB) price is approaching a critical support level in a descending channel.Increased buyer interest is evident through volume and RSI indicators.A potential bounce from this support could lead to a more than 100% rally.Crypto analyst Jonathan Carter highlighted SHIB forming a descending channel on the daily chart.Carter suggested possible upside targets if a rebound occurs, including 0.00001250, 0.00001500, 0.00001730, and 0.00002.Current SHIB price is around $0.00001099 with a daily gain of 5.94%.RSI indicates SHIB is in a neutral zone, but a rise in buying pressure could lead to a reversal.MACD shows potential signs of momentum change as lines move closer together.Recent volume spike in SHIB signals buyer interest at lower levels, which may support a bullish reversal.Traders are monitoring SHIB's price action near a crucial support zone for a potential move towards previous highs.Technical indicators and chart patterns align with Carter's forecast for SHIB's price movement.