SHIB Rebounds From Recent Lows, Eyes 143% Rally
Shiba Inu (SHIB) is once again making waves in the crypto market. After dropping to a recent low of $0.00001182, the meme coin posted a modest rebound, gaining 1.47% and showing signs of further upward momentum. With the broader market regaining stability following recent geopolitical and economic pressures, SHIB could be preparing for a significant rally — potentially reaching $0.00003036, marking a 143% increase from current levels.
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Analysts are pointing to a confluence of technical indicators that suggest a bullish reversal may be imminent. The three-day chart shows SHIB poised within a descending wedge, often a precursor to an explosive breakout.
RSI, MACD, and Wavetrend Flashing Early Buy Signals
Several technical indicators are aligning to support the bullish outlook:
- RSI (Relative Strength Index): Currently hovering around 32.24, the RSI is in oversold territory, historically a zone where price reversals occur.
- MACD (Moving Average Convergence Divergence): While still below the signal line, the histogram shows signs of bottoming out, suggesting a potential shift in momentum.
- WTO (Wavetrend Oscillator): The oscillator is rebounding from deeply negative levels, which often aligns with the early stages of a bullish trend.
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The Ichimoku Cloud also reveals that SHIB is attempting to break above resistance levels, with future clouds showing thinning, which often precedes a breakout.
Cluster Algorithm and Trendline Projection Support Breakout Potential
A deeper dive into the chart shows SHIB testing the lower bounds of a multi-month wedge. Notably, the Cluster Algorithm and color-changing Linear Regression Slope are beginning to pivot upward — a signal that often precedes a trend reversal. If SHIB can maintain its support at $0.00001200, analysts believe a push toward $0.00003036 is possible, representing a 143% rally.
Additionally, a fib retracement analysis from previous highs to lows supports this projected price level as a key resistance and psychological target.
Final Thoughts: Shiba Inu’s Make-or-Break Moment
Shiba Inu has entered a decisive zone. With strong historical support, an oversold RSI, and bullish trendline structure, a breakout could be on the horizon. While SHIB remains volatile and susceptible to macro factors, the current technical setup suggests a window of opportunity for buyers.
If momentum continues and volume confirms the move, SHIB could reclaim $0.00003036 in the coming months — making it one of the standout meme coins of 2025.
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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
