Shiba Inu Clings to Critical Support as Chart Patterns Point to 100% Rebound Potential

Shiba Inu (SHIB) has dug its heels into a vital price level, setting the stage for what analysts say could be a dramatic comeback. After a punishing drop, the meme token may finally be gearing up for something big.

Monday’s market chaos dragged SHIB to $0.00001065 — a painful 67% slide from its November peak. But now, with bullish chart signals lining up, some investors are betting this battered coin has plenty of bite left.

Triple Bottom Holds Strong — SHIB’s Support Zone Looks Unbreakable

It’s not often you see the same price floor tested three times and still hold. But that’s exactly what’s playing out with SHIB’s daily chart.

The coin dropped to $0.00001066 during last year’s August pullback. Again, it tested the same level on March 11. And then Monday hit — crypto’s own “Black Monday” — and SHIB found itself right back at $0.00001065.

Three strikes, but no knockout.

This triple bottom formation is more than just technical geek-speak. It’s a bullish pattern that traders often associate with price reversals. Its neckline? All the way up at $0.00003340.

There’s a psychological element here too. Buyers seem unwilling to let SHIB dip lower, and that kind of stubborn support can become rocket fuel once sentiment flips.

Mixed Signals, But All Point Up

SHIB’s chart is a tangled web of past pain and future hope. But hidden in there are a few important setups that could fuel a price turnaround.

Start with the falling wedge — a classic bullish pattern. You’ve got two downward-sloping trendlines narrowing toward each other. When those lines converge, things tend to snap upward. That’s what traders are hoping for now.

Then there’s the smaller double top from late March. Its neckline sits at $0.00001570 — which is also now the near-term breakout target. If SHIB can pierce that, it’s up 36% from here.

Next big level? $0.00002215. That’s the 50% Fibonacci retracement from the previous highs. A clean breakout above that and the party’s on.

But nothing’s guaranteed.

A dip below $0.00001068, even slightly, and this whole bullish setup could unravel fast. So eyes are glued to that line in the sand.

Investors Are Watching Three Key Catalysts

Charts tell part of the story, but fundamentals matter too. And here, SHIB’s got a few cards to play.

First off, the crypto market’s Fear & Greed Index is flashing red — sitting deep in the “extreme fear” zone. Historically, these are the moments just before a turnaround.

Then there’s Shibarium. Quietly, it crossed 1 billion transactions. That’s not meme magic — it’s usage. Real activity. Developers are now calling this the start of a “golden era” for the network.

Also worth noting: SHIB continues its deflationary push. Thanks to regular token burns, the supply is shrinking, slowly but surely. Less supply, higher demand — we’ve heard the story before.

• Fear & Greed Index: Currently at “Extreme Fear”

• Shibarium Milestone: Over 1 billion transactions

• SHIB Supply Burns: Still ongoing, reducing token circulation

• Neckline Targets: $0.00001570 and $0.00002215

• Key Support: $0.00001065 (triple bottom)

Could the Fed Actually Help Meme Coins?

It sounds strange at first. But yes, SHIB’s fate might partially rest in the hands of Jerome Powell and the Federal Reserve.

With inflation cooling and trade fears heating up, rate cuts are back on the table. If Donald Trump returns to office — or even if markets simply think he might — expect the Fed to act.

And when interest rates drop, guess what happens?

Risky assets like crypto tend to run hot. SHIB, with its speculative DNA, thrives on cheap money. Rate cuts don’t guarantee a rally, but they sure give traders something to get excited about.

Just one sentence here.

History shows us that SHIB often tracks broader market sentiment more than fundamentals.

What Happens Next? It’s a Waiting Game… For Now

Everyone’s watching. But for now, SHIB is hovering in limbo. Volume is low, volatility has settled, and buyers are still licking their wounds from Monday’s mess.

Still, if that triple bottom holds, things could flip fast. This is crypto — fortunes change in a week.

A big move could be sparked by:

• A sudden bullish reversal across altcoins

• Fed rate cut signals or softer inflation data

• Breakout past $0.00001570 neckline with momentum

Here’s how SHIB’s price outlook stacks up:

If you’re holding SHIB, patience is probably your best friend right now. But patience doesn’t last forever. This chart is either going to validate itself — or break down hard. And it won’t take weeks to find out.