Shiba Inu (SHIB) Price Prediction: SHIB Signals Bullish Reversal as Analysts Eye Break Above $0.000016

Shiba Inu (SHIB), one of the top meme coins by market cap, is showing early signs of a bullish reversal despite its recent price dip.

Market analysts are now closely watching the $0.000016 resistance level as on-chain metrics and technical indicators flash a potential turning point for the asset.

SHIB Holds Critical Support Despite Market Pullback

Shiba Inu is currently trading near $0.000014, down around 4% in the past 24 hours, reflecting the broader market’s recent correction. Over the last week, SHIB has declined nearly 20% after failing to maintain its recent peak around $0.00001740.

SHIB must break above the parallel channel and reject the 200 EMA to avoid turning bearish; failure could send it toward $0.00001300. Source: Paper_Trader1775 on TradingView

However, analysts are not ruling out a rebound. “The structure appears to be transitioning from a corrective to an impulsive phase,” said Nikola Lazic, technical analyst at CCN. According to him, SHIB has completed a complex W-X-Y-X-Z correction and may now be setting up for a new bullish wave—provided it holds above key support near $0.00001160.

On-Chain Metrics Suggest Local Bottom

The Market Value to Realized Value (MVRV) ratio for SHIB has dropped to levels historically associated with price bottoms. In Q3 2024, a similar reading preceded a 128% rally. If this pattern repeats, Shiba Inu could climb toward $0.000032 in the coming weeks.

Additionally, on-chain transaction volumes in loss have declined sharply—from nearly 5 trillion SHIB to under 600 billion—indicating that sellers may be exhausted. “Capitulation seems to have subsided,” noted analysts at CoinGape, adding that this may reduce selling pressure and open the door for a recovery.

Technical Indicators Align with Reversal Hopes

Technical charts show SHIB forming a bullish setup. The Chaikin Money Flow (CMF) is increasing in trend as price declines, which is an indication of accumulation by intelligent money. Meanwhile, Average Directional Index (ADX) shows decreasing bearish power, which is a potential trend reversal indicator.

SHIB forms a hammer at key support near the 21 EMA, hinting at a possible reversal if $0.00001402 holds. Source: Paper_Trader1775 on TradingView

Notably, SHIB is forming an ascending triangle—a bullish continuation formation—with a possible breakout target of $0.000016. A breakout above that price could open the gate to $0.000022 and beyond.

“Traders should watch for a reclaim of $0.00001430,” noted CoinEdition’s report. “That would confirm strength and potentially trigger a new rally phase.”

Short-Term Bearish Pressure Not Over Yet

Despite bullish signals, downside risks persist. SHIB has broken below its ascending trendline on the 4-hour chart and now faces resistance near $0.00001510. Momentum oscillators like the RSI and MACD remain bearish on lower time frames, and they support short-term prudence.

Shiba Inu (SHIB) was trading at around $0.00001403, down 4.48% in the last 24 hours at press time. Source: Brave New Coin

The current descending triangle breakdown could push SHIB towards the $0.00001280–$0.00001200 support area in the event that the $0.00001380 support does not hold.

Market sentiment also plays a role here. When Bitcoin and Ethereum are weakening, meme coins like SHIB are more sensitive to widespread risk-off behavior.

Price Outlook: A Decisive Moment Approaches

All eyes are on the $0.00001380 support zone and the $0.000016 resistance ceiling. A bounce from support with rising volume and improving indicators could reignite bullish momentum. On the flip side, a drop below $0.00001200 would invalidate the bullish thesis and expose SHIB to further losses.

If SHIB successfully breaks $0.000016 with confirmation, analysts expect the next leg higher to target $0.00001930, $0.00002196, and potentially $0.00002460 over the coming months.

For now, Shiba Inu is at a critical crossroads—one where smart money accumulation, historical patterns, and technical setups may converge to lift the meme coin into a new bullish phase.