$SHIB 🚀🔥 Shiba Inu (SHIB) W at Chart: Double Bottom Formation Signals Potential Reversal 📈✨

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🦀🦀Shiba Inu (SHIB) is carving out a W-shaped double bottom, a classic bullish pattern that can signal sellers are losing control as accumulation intensifies 🌟🎯. After sliding to the 0.000016 zone twice and rebounding sharply both times, SHIB has created a clear support base that underscores strong buying interest 🧊🌿. On-chain data shows large holders steadily increasing balances while exchange outflows pick up, confirming conviction behind this setup 🐢🎒.

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📈📈Momentum indicators are improving noticeably. The RSI has climbed to 49, reflecting waning selling pressure and the first signs of renewed demand 🍉🧭. MACD histograms are starting to turn positive, while short-term moving averages are curling upward, hinting that a breakout attempt could be building 🍋🎢. Volume has expanded on green candles during each rebound from the neckline, confirming real participation and not just short-covering rallies 🎯🐸. In derivatives markets, funding rates have returned to neutral after being negative for weeks, while open interest remains stable, suggesting healthier positioning 🌳🔥. If SHIB closes decisively above 0.000018, price could rally toward the 0.0000195–0.000020 area 🚀🦋.

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🌼🌼Fundamentally, Shiba Inu’s ecosystem keeps expanding with the growth of Shibarium, DeFi integrations, and NFT projects 📡🌈. While broader market conditions remain cautious, this W formation signals renewed confidence among long-term holders 🦦🌫️.

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🦚🦚Traders should monitor the neckline near 0.000018 closely. A confirmed breakout with volume could validate the W pattern and open the door for more upside. Failure to clear resistance may keep.