Peter Smith
Shiba Inu (SHIB) has been consolidating after an extended decline, but chart patterns now suggest momentum is shifting. A bullish divergence between price and momentum indicators could signal an upcoming reversal, positioning SHIB for its strongest rally in months.
Technical Setup Points to Reversal
SHIB holds support above $0.000010–$0.000011 while momentum indicators improve. Analyst @JavonTM highlights that MACD histogram and signal lines are forming higher lows despite price testing lower levels — a classic bullish divergence that often precedes major moves.
If confirmed with volume, SHIB could target $0.000032, representing significant upside from current ranges.
Key Price Levels
Critical support sits at $0.000010, serving as the floor that must hold for any bullish scenario to play out. The first major resistance comes at $0.000016, which would mark the initial breakout level. Above that, the $0.000020–$0.000022 zone represents key resistance that could determine whether the rally continues. If momentum builds, the primary upside target reaches $0.000032.
Three Scenarios
A bullish breakout above $0.000016 would likely target the $0.000022 resistance zone and potentially push toward the $0.000032 objective. If momentum remains weak, SHIB could continue consolidating between $0.000010 and $0.000016 for an extended period. However, any break below the $0.000010 support level would invalidate the bullish setup entirely.
Peter Smith
