Shiba Inu (SHIB), the beloved meme coin, may be gearing up for a comeback! 🔥 A classic double bottom pattern on the charts is hinting at a potential bullish reversal that traders and investors won’t want to ignore. Let’s dive into the latest developments 👇
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📊 Technical Analysis: What’s the Chart Telling Us?
The SHIB price has been hovering near a critical support level around $0.00001260, forming two distinct dips — the classic “W” shape known as the double bottom. This pattern often signals that the selling pressure is weakening and that a trend reversal could be on the horizon. 🌅
📌 Key Indicators:
🕒 Hourly & Daily Timeframes show consolidation with rising volume.
🔄 SHIB is testing resistance at $0.00001285 – $0.00001291 (20‑hr and 50‑hr SMAs).
📈 A breakout above $0.00001330 could pave the way toward $0.00001400 and beyond.
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🔮 Bullish Case: Ready for Takeoff?
If buyers step in and push the price above the neckline of this pattern, SHIB could:
🚀 Reclaim $0.00001300+
🎯 Target the $0.00001391 (50‑day SMA)
🌠 Possibly run toward the mid‑$0.00002s in a broader rally
This scenario becomes even more likely if volume increases and market sentiment improves — both key ingredients for a strong breakout. 🍀📊
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⚠️ Bearish Scenario: What If Support Breaks?
Not all setups play out perfectly. If SHIB breaks below $0.00001260, we might see:
⬇️ A drop toward $0.00001150
😟 Bearish sentiment return
🛑 A delay in any near-term bullish momentum
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🧠 Final Thoughts: Is SHIB a Buy Right Now?
The current pattern suggests a high-potential setup — but timing and confirmation are everything. 📅💡 Traders should:
✅ Watch for a break above $0.00001300
🛡️ Use tight stop-losses under $0.00001260
📉 Be prepared in case of a downside fake-out
If the double bottom holds, SHIB might just be warming up for its next moon mission 🌕🛸
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👉 Are you holding SHIB or planning to jump in? Let us know in the comments! 💬
#Crypto #ShibaInu #SHIB #TechnicalAnalysis
#MemeCoin #Bullish
#DoubleBottom #CryptoTrading 🚀📉📈
$SHIB