If the Bollinger Band signal is validated, Shiba Inu (SHIB) is expected to rise 20% next week.
The meme coin 'Shiba Inu' (SHIB) is making headlines again—and this time, there's a technical structure hidden behind the hype. SHIB's weekly closing price has just reached $0.00001334, breaking an important support level. If this momentum continues, SHIB is expected to rise 20%.
The setup is simple: the price is advancing towards the upper Bollinger Band on a weekly timeframe, currently around $0.00001554.
This is not the first time SHIB has used this area as a launch pad. The range from $0.00001200 to $0.00001300 has served as a demand zone for months, successfully retested multiple times since last year.
The difference now lies in the structure of the candlestick chart. The nearly 13% increase last week came from a clean bounce off the lower boundary of the range. Subsequently, the stock closed above the 20-week moving average for the first time in two months.
The Bollinger Bands are starting to open slightly, indicating that volatility may be returning after a long period of sideways consolidation. If SHIB breaks above the upper Bollinger Band (once momentum is gained, it often does), the expected upward potential will reach around $0.00001550, which is about 20% higher than the current price.
This will also bring the SHIB price close to the highs of April, which had previously struggled to maintain its position.
However, the key right now is that the stock is approaching this level again from higher lows, with consolidation tightening and resistance above the mid-range area weakening. The recent breakout has also cleared the short-term bearish trend line that has been in place since May.
In this context, bullish momentum only needs to persist. If trading volume increases and buyers hold onto this breakout structure, Shiba Inu (SHIB) may soon experience the clearest technical trend in months.
