📈 $SHIB Eyes 42% Breakout on Double Bottom Setup 🐶

📉 SHIB is down 8% this month, now trading at $0.0000121. Despite low volumes ($102M), a slight 0.8% gain signals a possible bullish reversal as bulls defend key support at $0.000012.

🟢 A double bottom pattern is forming on the daily chart. SHIB has tested the $0.000012 support twice since May, indicating buyer interest. If price breaks above the $0.0000136 neckline, a 42% rally to $0.000017 could follow.

⚠️ However, weak buying activity remains a challenge. The stochastic RSI sits at 35, showing bearish control. A move above 50 is needed to shift momentum.

📊 The CMF indicator is neutral but steady, hinting at incoming buyer strength. Meanwhile, whales and Binance traders remain bullish, supporting the breakout thesis.

📍 IntoTheBlock data shows 30,000 addresses bought 15T SHIB at $0.000012, confirming it as major support. Resistance looms at $0.000013, where 22,000 traders hold 19T SHIB — a key barrier for further gains.

🚀 If bulls maintain momentum and break resistance, SHIB could hit the $0.000017 double-bottom target soon.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.