Shiba Inu (SHIB), one of the most prominent meme coins in the cryptocurrency ecosystem, is displaying strong technical signals that suggest a potential price breakout. Analysts are closely monitoring key chart patterns and momentum indicators, which collectively point to a possible surge beyond the $0.000025 threshold in the coming weeks. Despite ongoing selling pressure from large holders, bullish formations and improving market sentiment could pave the way for a significant upward move.
Bullish Technical Patterns Hint at Imminent Breakout
Recent price action on both the daily and weekly charts reveals a series of promising technical developments. Among the most significant is the formation of a descending wedge pattern, a classic bullish reversal structure often observed before strong rallies. SHIB has been consolidating within this pattern for several months, and the narrowing price range suggests that a breakout may be imminent.
At the time of analysis, Shiba Inu was trading around $0.00001137**, with increasing momentum building beneath the surface. According to market analysts, including insights from Crypto Catalysts, the coin has shown multiple rejections near the **$0.0000115 support level since March 2025—indicating strong buyer interest at these lows.
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The current price structure suggests that once SHIB clears key resistance levels, it could target the $0.000025 to $0.000030 range, representing a potential tripling of value from current levels. This projection is further supported by momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), both of which have shown bullish divergences—a sign that downward momentum is weakening and buyers are regaining control.
If confirmed, this breakout could mark the beginning of a new bullish phase for SHIB, with initial resistance expected around $0.000032.
Double-Bottom Formation Strengthens Reversal Case
Another compelling technical setup supporting higher prices is the emergence of a double-bottom (W) pattern on the daily chart, with lows forming near $0.00001025. This pattern is widely recognized in technical analysis as a strong indicator of trend reversal, especially when followed by increased volume and price confirmation above the neckline.
For Shiba Inu, the neckline of this double-bottom sits at approximately $0.00001765, which now serves as a critical resistance level. A sustained move above this point would confirm the bullish reversal and open the door for further gains.
Market strategist Crispus notes:
“A confirmed double-bottom breakout typically leads to a measured move equal to the depth of the pattern added to the breakout level. In SHIB’s case, that puts the target near $0.000025—a potential 115% increase.”
This makes the current zone an attractive area for dollar-cost averaging (DCA), especially for long-term investors who believe in the resilience of meme-based digital assets amid broader market recovery.
However, traders should remain cautious: a drop below $0.00001025 would invalidate the pattern and could trigger further downside pressure.
Whale Activity: A Counterforce to Bullish Momentum
Despite favorable technical setups, Shiba Inu faces headwinds from whale selling activity. On-chain data from Santiment reveals that large holders—defined as wallets holding between one million and one billion SHIB tokens—have been steadily reducing their positions since late 2024.
Such behavior often precedes bearish trends, as whales typically exit before retail investors, potentially signaling profit-taking or loss of confidence. This outflow could exert downward pressure on price, especially during periods of low market volatility.
Yet, broader macro conditions may offset this risk. The overall crypto market is experiencing renewed optimism, driven by declining Bitcoin exchange reserves and easing geopolitical tensions. With Bitcoin showing signs of an impending rally, altcoins like SHIB could benefit from spillover momentum—even in the face of whale distribution.
Historically, altcoins tend to follow Bitcoin’s lead, meaning a breakout in BTC could catalyze a wave of capital rotation into high-beta assets like SHIB.
Short-Term Consolidation Likely Before Major Move
In the immediate term, Shiba Inu appears to be entering a consolidation phase, trading sideways between $0.000011 and $0.0000125—a range expected to hold through June. Denys Serhiichuk, a market analyst, suggests this period of lateral movement serves as a necessary base-building phase before any decisive breakout or breakdown.
At press time, SHIB was trading at approximately $0.00001156, down slightly by 0.78% over 24 hours. While short-term sentiment remains cautious, the weekly chart continues to reflect equilibrium—indicating neither bulls nor bears have established full control.
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This phase is critical: a daily close below $0.0000115 could extend correction toward lower support levels, while a sustained move above would strengthen bullish conviction.
Key Levels Traders Should Monitor
To confirm a genuine bullish reversal and position for potential gains, traders should focus on several critical indicators:
- Breakout above $0.00001765: A decisive close above this neckline confirms both the double-bottom and descending wedge patterns.
- RSI above 50 and MACD crossover: These momentum signals validate buying pressure and reduce risk of false breakouts.
- Volume confirmation: Rising trading volume during the breakout increases its reliability.
- Support hold at $0.00001025: As long as price remains above this level, the bullish structure remains intact.
Failure to meet these conditions could delay or negate the anticipated rally.
Frequently Asked Questions (FAQ)
Q: What is the significance of the descending wedge pattern for SHIB?
A: The descending wedge is a bullish reversal pattern that typically precedes strong upward moves. For SHIB, breaking above its upper boundary signals accumulation and growing buyer demand.
Q: How is the double-bottom price target calculated?
A: The projected target is derived by measuring the depth of the "W" formation and adding it to the breakout level (neckline). For SHIB, this results in a target near $0.000025.
Q: Can whale selling prevent a SHIB rally?
A: While whale outflows create short-term pressure, broader market trends—especially Bitcoin’s performance—often outweigh individual coin dynamics. A positive macro environment can absorb selling volume.
Q: Is now a good time to buy SHIB?
A: From a technical perspective, current levels offer a strategic entry point for long-term investors, especially if key supports hold and momentum builds.
Q: What happens if SHIB drops below $0.00001025?
A: A breakdown below this level would invalidate major bullish patterns and likely lead to further downside, possibly testing $0.00001 or lower.
Q: What role does Bitcoin play in SHIB’s price movement?
A: Bitcoin acts as a market leader. When BTC rallies, capital often flows into altcoins like SHIB. Therefore, tracking BTC’s trend is essential for predicting SHIB’s next major move.
Final Outlook: Breakout Ahead?
The technical landscape for Shiba Inu is increasingly constructive. With multiple bullish patterns converging—descending wedge, double-bottom formation, and positive momentum divergences—the stage is set for a potential rally beyond $0.000025.
Although short-term consolidation is expected, medium-to-long-term prospects appear favorable, particularly if Bitcoin continues its upward trajectory and overall market sentiment remains positive.
Traders and investors should remain vigilant, monitoring key support and resistance levels to time entries and exits effectively. While meme coins carry inherent volatility, SHIB’s current technical setup presents one of its most compelling opportunities in recent months.
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