$SHIB
Shiba Inu (SHIB) Poised for 20% Surge: Key Technical Setup in Play
Shiba Inu (SHIB) is back in focus with a bullish setup forming on the charts. The meme coin just closed the week at $0.00001334, holding above a key support zone and signaling the potential for a 20% rally if momentum builds.
The setup is simple: SHIB is trending toward the upper Bollinger Band on the weekly chart, currently near $0.00001554. This level has acted as a target in previous rallies.
The $0.00001200–$0.00001300 range has long served as a strong demand zone, with multiple successful retests since last year. What’s different this time is the price action — last week’s nearly 13% gain came from a clean bounce, followed by SHIB closing above the 20-week moving average for the first time in two months.
Bollinger Bands are beginning to widen, hinting at a return of volatility. A push to the top band would place SHIB around $0.00001550 — roughly 20% above its current level — and just below April’s local highs.
Crucially, SHIB is approaching this resistance from a higher low and with reduced selling pressure. The recent breakout also invalidates a descending trendline from May, clearing the path for further gains.
If volume picks up and bulls defend the current structure, SHIB may be on track for its strongest technical rally in months.
