SHIB's multi-year analysis shows a bullish reset forming after a 2023 peak, with long-term targets set as high as $0.0001863 by 2027.
Hidden Bullish Divergence and support at $0.0000161 hint at a potential trend reversal as SHIB eyes a breakout from consolidation.
Short-term charts show SHIB inside a descending channel, with a breakout likely if mid-level resistance flips to support at $0.00001442.
Shiba Inu (SHIB) is showing renewed momentum as analysts project bullish targets near $0.000081, indicating over 450% potential upside. According to an analysis by Javon Marks, SHIB has entered a critical consolidation phase after years of volatile movements.
Source: Javon Marks
The coin currently trades around $0.0000161, holding strong near recent support zones. Significantly, the multi-year trend analysis highlights major resistance levels at $0.0000483 and $0.0001863. These are based on long-term technical projections extending into 2027. Consequently, SHIB may be on the verge of a breakout if momentum continues building.
Multi-Year Trends Show Bullish Reset
The long-term chart shows SHIB experienced its first breakout in late 2022. Price action surged beyond resistance and established higher support levels. This momentum accelerated sharply through 2023. SHIB gained over 1000% from prior baselines, peaking near $0.0000175. High trading volume confirmed massive market participation during this explosive period.
However, the 2023 peak triggered a correction that stretched into 2024. SHIB then formed lower highs and traded within a post-bubble downtrend. Technical indicators suggest that this period helped reset market sentiment. Hence, a new accumulation phase likely started with a clear “Reset” annotation showing strong support forming at lower price zones.
Additionally, a Hidden Bullish Divergence appeared in recent months. This suggests underlying strength building despite downward pressure. This pattern often signals early reversals and potential trend shifts. With SHIB stabilizing near $0.0000161, analysts view the setup as favorable for upside continuation.
Short-Term Signals Support Breakout Potential
On the lower timeframe, Alpha Crypto Signal reports SHIB is trading inside a descending channel. It currently consolidates just under the mid-level resistance at $0.00001442. Moreover, if SHIB reclaims this level as support, it may trigger a move toward the upper trendline.
Source: Alpha Crypto Signal
The chart reflects an earlier rally that tested $0.00001775 around May 10. Afterward, the price pulled back while remaining within the ascending channel. EMA and SMA indicators show a near-term bearish crossover, hinting at short-term weakness. However, declining volume and narrow price ranges suggest a coiled setup.
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