This Bullish Chart Pattern Says Shiba Inu (SHIB) Price Will Moon

Key Takeaways

Shiba Inu (SHIB) trades inside a long-term horizontal support area.
The SHIB price is attempting to reclaim it after briefly falling below.
Will SHIB be successful and mark the end of its lengthy correction?

Shiba Inu (SHIB) flashes rare bullish signs across the weekly and daily charts.

The memecoin may be ready for an explosive rally after reclaiming a key support level and creating bullish divergences.

Read on to discover when the breakout will happen and how long it will continue.

Shiba Inu’s Bullish Chart

The weekly time frame Shiba Inu chart shows several bullish signs relating to the $0.0000115 horizontal support area.

The SHIB price broke out from it in March 2024 but has returned several times since then. Since March 2025, SHIB has bounced in this area thrice (green icons).

Try Our Recommended Crypto Exchanges

Sponsored

Disclosure

Bitunix

Promotions

Receive up to $100,000 worth of exclusive gifts for newcomers upon registration.

Coins

Claim Offer

BTCC

Opened in 2011

Promotions

Get up to 10,055 USDT when you register, verify, and make the first deposit and the first trades.

Coins

Claim Offer

ChangeNow

Promotions

Experience a 1-minute swap on a non-custodial platform.

Coins

Claim Offer

While SHIB fell below it last week, it is currently attempting to create a bullish engulfing candlestick and reclaim it.

Moreover, the Shiba Inu price trades inside a descending wedge, which is considered a bullish pattern. Shiba Inu is nearing the end of this pattern.

So, the price action shows multiple signs suggesting a breakout is imminent.

Shiba Inu Bullish — SHIB/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Furthermore, technical indicators substantiate this bullish SHIB analysis.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have generated bullish divergences (orange).

A wedge breakout could cause the SHIB price to increase threefold, reaching the $0.000032 horizontal resistance area.

Shiba Inu Has Bottomed

Like the weekly chart, the daily one gives a bullish Shiba Inu price prediction, suggesting the bottom is in place.

Since May 12, the SHIB price has completed a five-wave downward movement (red) inside a descending parallel channel.

The correction ended on June 22, triggering a significant bounce with a bullish engulfing candlestick.

SHIB Price Movement — SHIB/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

Once Shiba Inu breaks out from the descending parallel channel, it will confirm the bullish trend reversal is underway.

Then, a breakout from the long-term wedge and increase to $0.000032 is the most likely future outlook.

Massive Breakout Underway

Shiba Inu’s price action is bullish, indicating a massive breakout is imminent.

The SHIB long-term chart gives several positive signs, while the short-term one suggests the bottom is in place.

If Shiba Inu confirms its breakout, it could increase over 200% to $0.000032.

You May Also Like

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

X.com

Shiba Inu (SHIB) Flips Bullish — Price Could Increase 200%

Shiba Inu’s Bullish Chart

Shiba Inu Has Bottomed

Massive Breakout Underway

Related