Usman Salis
Shiba Inu (SHIB) is capturing trader attention once again as technical indicators suggest a major rally could be on the horizon. After successfully breaking free from a prolonged downtrend and confirming this move with a solid retest, the popular meme coin appears positioned for significant upward movement that could deliver substantial returns to investors.
SHIB Technical Analysis: Bullish Breakout Confirmed
Trader JAVON MARKS has identified a crucial technical development in SHIB's price action, highlighting the completion of a major breakout from years of declining price movement.
The cryptocurrency has not only escaped its long-term bearish pattern but has also successfully retested the breakout zone as new support, creating a foundation for potential explosive growth.
Currently trading at $0.0000136, SHIB is targeting $0.000081 as its primary objective, with an extended target reaching $0.0001553. This represents a potential increase of nearly 500% from current levels, making it one of the most compelling technical setups in the meme coin space.
Chart Analysis and Key Levels
The technical picture reveals SHIB's impressive escape from a major descending curve that had constrained price action since the 2021 peak. This breakout was followed by a textbook retest of the former resistance zone, which now serves as support. The downtrend that dominated from 2021 through 2023 has been definitively broken, with price action showing respect for the new support level and signaling strong underlying demand.
Fibonacci extension analysis points to $0.000081 as the next logical target, representing the confluence of technical resistance levels and historical price action. The longer-term extension target of $0.0001553 offers even more substantial upside potential for patient investors willing to hold through the complete cycle.
Market Sentiment and Bullish Factors
Several factors support the optimistic outlook for SHIB. The token has historically delivered parabolic rallies following extended periods of consolidation, and the current technical setup mirrors previous successful breakout patterns. SHIB maintains one of the strongest communities in the meme coin sector, providing consistent liquidity and positive sentiment that can fuel sustained price movements.
The combination of breakout confirmation, successful retest validation, and supportive trading volume creates a compelling technical foundation. This structure typically indicates that institutional and retail demand has shifted decisively in favor of higher prices, setting the stage for the projected rally toward the $0.000081 target and potentially beyond.
Usman Salis
