$SHIB 🚨🚨 Let’s be real for a moment: Shiba Inu isn’t just a memecoin anymore. Behind the barking dog and memes, there’s now a growing ecosystem, loyal community, and some seriously interesting market structure—especially if you’re the kind of trader who loves technical confluence.
On the weekly chart, Shiba Inu (SHIB) is currently forming a right-angled descending broadening wedge, a classic bullish reversal pattern.
The price has respected this structure with multiple touches on both the resistance and support lines. A recent bounce near the lower trendline—supported by bullish momentum on the SOTT oscillator—suggests increasing accumulation pressure.
What’s particularly interesting is the projected breakout path shown on the chart. If SHIB breaks above the resistance line, the technical price target stands at 0.00011500, aligning with a long-term bullish scenario.
This aligns with growing interest in the SHIB ecosystem, token burns, and community expansion heading into 2030.
Zooming Out: Weekly Timeframe First
If we take a breath and step into the weekly chart, there’s something quite important happening.
After sweeping one final low—a classic liquidity grab—Shiba Inu reacted strongly from a demand zone that had been waiting silently for price to return. That reaction isn’t just noise. It tells us that buyers are still in the game.
This reminds me of the time I almost skipped a trade thinking the move was “done”… only to see a beautiful rally explode right from a demand I had marked weeks before. Lesson? Patience pays.
And in SHIB’s case, that demand has now laid the groundwork for a potential bullish continuation.
