Key Takeaways
- Bullish chart patterns: SHIB forms descending wedge and double-bottom, targeting $0.000025 (+115% from current $0.00001137).
- Critical support test: Price battles $0.00001100 level amid bullish RSI/MACD divergence.
- Whale activity: Large holders reduce positions, but positive crypto market sentiment may counterbalance selling pressure.
- Short-term consolidation: Expect range-bound trading between $0.000011-$0.0000125 before potential breakout.
Technical Breakdown: Why SHIB Could Triple in Value
Shiba Inu (SHIB) presents compelling technical setups that could propel its price significantly higher:
1. Descending Wedge Formation
- Pattern significance: Typically precedes bullish breakouts.
- Current stage: Approaching apex after months of development.
- Breakout confirmation: Requires daily close above $0.00001765 resistance.
2. Double-Bottom Reversal
- Support base: Established at $0.00001025 (March-June 2025).
- Price target: $0.000025 upon neckline breakout ($0.00001765).
- Invalidation level: Drop below $0.00001025 would negate the pattern.
👉 Discover how to capitalize on SHIB's technical patterns
Momentum Indicators Flash Bullish Signals
| Indicator | Observation | Implication |
|-----------------|--------------------------|-----------------------|
| RSI (14-day) | Bullish divergence | Selling pressure easing |
| MACD | Histogram turning positive | Momentum shift |
| Volume | Declining | Caution required |
"SHIB’s double-bottom pattern suggests accumulation at current levels. The key is holding above $0.00001025." — Crispus, Technical Analyst
Whale Activity vs. Market Sentiment
Whale Selling Pressure
- Addresses holding 1M-1B SHIB reduced stakes since late 2024.
- Exchange inflows suggest profit-taking behavior.
Counterbalancing Factors
- Bitcoin’s positive momentum often lifts altcoins.
- Shrinking BTC exchange reserves historically precede rallies.
Short-Term Trading Range
June Outlook:
- Support: $0.000011 (psych level), $0.00001025 (pattern low)
- Resistance: $0.00001214 (26 EMA), $0.00001350 (swing high)
- Critical level: Daily close above $0.00001214 could trigger 15% move to $0.00001350.
FAQs: Shiba Inu Price Trajectory
1. What’s the most bullish scenario for SHIB?
If both the descending wedge and double-bottom patterns confirm, SHIB could rally 115% to $0.000025.
2. Why are whales reducing SHIB positions?
Large holders may be reallocating to BTC or stablecoins amid market uncertainty, but retail demand could fill the gap.
3. How does Bitcoin’s performance affect SHIB?
👉 Learn how BTC dominance impacts altcoins
4. What invalidates the bullish thesis?
A breakdown below $0.00001025 would signal continued downtrend.
5. When might the breakout occur?
Historically, such patterns resolve within 1-3 months of formation (watch July-August 2025).
Strategic Takeaways
- Pattern validation: Monitor $0.00001765 breakout for confirmation.
- Risk management: Set stop-loss below $0.00001025 if trading short-term.
- Volume watch: Breakouts require 2-3x average volume for sustainability.
Note: All price targets based on technical analysis. Cryptocurrencies are volatile—always conduct independent research.