Based on the weekly SHIB/USDT chart, Shiba Inu appears to be showing early signs of a potential breakout after weeks of consolidation. Currently trading around $0.00001638, the price has begun to show bullish momentum after bottoming out in the Fair Value Gap (FVG) zone, highlighted on the chart. This zone historically acts as a magnet for price action and has now been partially filled, suggesting that SHIB may be ready to reverse its downtrend.
After an extended bearish period that spanned from early 2024 into mid-2025, we see the formation of multiple small-bodied candles near the support zone, indicating accumulation. Most importantly, the current weekly candle is bullish and breaking slightly above recent resistance levels, indicating renewed buying pressure.
Technically, this setup suggests that SHIB could be preparing for a significant rally, potentially up to 1000% from current levels, which would bring the price near $0.00016. This target is realistic considering previous historical rallies in meme-coins and SHIB’s past parabolic runs. Such explosive movements are often triggered by a combination of short squeezes, whale accumulation, and hype cycles within the crypto space.
Another important factor to consider is the break-even price for most SHIB holders, especially whales, which is around $0.000024. If SHIB rallies toward or above that level, we can expect increased selling pressure as early investors and large holders look to exit with profits. Particularly around the $0.00003 zone, a key psychological and technical resistance level, many of these participants may take minor profits, which could temporarily cap the rally.
However, in the short term (next few days to weeks), SHIB has room to move upwards. The MACD histogram on the weekly chart is beginning to show signs of weakening bearish momentum, with a potential cross into bullish territory. Volume is slightly increasing, which is often a leading indicator for stronger price action.
Conclusion: While resistance at $0.00003 may present selling pressure from long-time holders, SHIB’s current price level offers a significant upside opportunity. A move toward $0.00016 (a 1000% rally) is possible if momentum builds and market sentiment shifts positively. Traders and investors should keep a close watch on the FVG zone retest and monitor volume closely for confirmation of breakout strength. $SHIB