Usman Salis
⬤ Shiba Inu (SHIB) appears to have found its footing. The meme coin has been respecting a key long-term support level that's been in place for over four years, and technical patterns suggest a strong rally could be on the horizon. For those holding SHIB, patience may soon pay off.
⬤ The weekly SHIB/USDT chart tells the story clearly. Price has bounced repeatedly from a rising support trendline that's marked major reversals in the past. SHIB is currently trading near $0.0000090, right in that support zone. Historically, rebounds from this area have led to gains between 300% and 1,500%. If the trendline holds, the next upside target sits between $0.00003 and $0.000035—a substantial jump from current levels.
⬤ The setup looks bullish long-term, but there are risks. If SHIB breaks below the support trendline, it could signal more sideways action or even a deeper pullback. For now, though, the structure is intact and sentiment is improving. Traders are watching closely for signs that momentum is building again.
⬤ As long as SHIB stays above its four-year support line, the technical case for a rebound remains strong. A confirmed breakout above $0.00003 would validate the bullish scenario and could kick off the next major rally for Shiba Inu.
Usman Salis
