Date: Tue, July 15, 2025 | 06:06 PM GMT

The cryptocurrency market is deep in bullish territory, with Bitcoin (BTC) skyrocketing to a new all-time high and Ethereum (ETH) riding close behind with an 18% gain this week — now approaching the $3,100 mark. This strong uptrend is spilling over into the major memecoins, and Shiba Inu (SHIB) is starting to grab attention.

$SHIB has jumped 15% over the past week, adding to its growing momentum. But it’s not just the price action that’s turning heads — a harmonic Cypher pattern on the daily chart may be signaling that SHIB still has plenty of room to run.

Source: Coinmarketcap

Harmonic Pattern Hints at Bullish Continuation

On the daily timeframe, SHIB is forming a Bearish Cypher harmonic pattern, a setup that often points to strong bullish moves during its CD leg — which is currently unfolding.

This pattern began at point X near $0.00002486, then fell to point A, rebounded to point B, and dropped again to point C around $0.00001009. Since hitting that low, SHIB has reversed course and is now trading around $0.00001373, knocking on the door of its 200-day moving average at $0.00001476 — a crucial resistance level.

Shiba Inu (SHIB) Daily Chart/Coinsprobe (Source: Tradingview)

According to harmonic principles, the CD leg could push SHIB into the Potential Reversal Zone (PRZ) between $0.00002180 and $0.00002486 — corresponding with the 0.786 and 1.0 Fibonacci extensions. If this pattern plays out, it could mean a gain of more than 80% from current levels.

What’s Next for SHIB?

To maintain this bullish momentum, SHIB will need to break and hold above the 200-day MA with increasing volume. That breakout could spark accelerated buying and lead to a full completion of the harmonic pattern, targeting the $0.00002486 region.

On the downside, it’s also important for SHIB to hold support around the 100-day MA at $0.00001293, which serves as a key level to prevent a breakdown of the structure.

Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.