Peter Smith
After an extended period of sideways price action, Shiba Inu appears to be reaching a critical turning point. The pattern emerging mirrors previous cycles that preceded major price movements in 2021, suggesting the token might be preparing for a substantial recovery wave.
Chart Structure and Wave Analysis
Recent technical analysis by @CaptToblerone reveals what looks like a completed corrective structure on the SHIB chart, potentially marking the beginning of the next significant bullish phase. The daily SHIB/USDT chart shows a distinct A-B-C-D-E corrective sequence that seems to be wrapping up its final phase. Wave (B) appears to have found its bottom around the 0.0000075 level, which lines up with important long-term support. What's interesting here is the projection of a five-wave advance pattern labeled (1) through (5), which typically signals the start of a fresh impulsive move in Elliott Wave theory.
If this setup plays out as anticipated, SHIB could potentially climb toward the 0.00010 to 0.00015 range, which would represent a multi-fold increase from where it's trading now. The projected rally follows the classic Elliott Wave structure where deep corrections often set the foundation for sustained upward trends. The forecast includes minor pullbacks at Waves 2 and 4, which would actually be healthy consolidation periods before the price pushes to new highs.
Key Levels to Monitor
Support sits around 0.0000075, which aligns with the foundation of the current Elliott structure. Intermediate resistance zones appear near 0.000022 and 0.000038, serving as breakout confirmation points. The primary target zone stretches between 0.00010 and 0.00015 during the projected Wave (5) phase.
- Token Burn Mechanics: The ongoing supply reduction through burns helps create long-term scarcity dynamics
- Shibarium Network Expansion: Growing on-chain activity could draw in fresh users and developers to the ecosystem
- Market Sentiment Shift: A broader crypto market recovery in 2025-2026 would likely boost momentum in speculative tokens like SHIB
Peter Smith
