In a recent Shiba Inu price prediction piece, an analyst has confirmed that SHIB is targeting a 25% rally after a recent downtrend.
According to a technical chart shared by Swallow Academy, SHIB’s current positioning near support may give buyers an opportunity to regain control. The analyst suggests that if the support holds and bullish pressure increases, Shiba Inu could climb between 10% and 25% toward higher resistance zones.
The same chart identifies potential target levels at $0.00001350, $0.00001450, and $0.00001660. These targets represent areas of historical price congestion and align with previous swing highs, indicating where sellers might reenter the market.
As of this press time, SHIB trades at $0.00001305, with no change in the past day and a 4.7% decline in the last week. The recent volatility has further reduced its gain in the past month to 15%.
Its current price is slightly above a key support area ranging between $0.00001280 and $0.00001310. The support zone has held firm despite broader market weakness, prompting traders to monitor price behavior for signs of a rebound closely.
SHIB Fibonacci Retracement Supports Rebound Scenario
Further confirmation comes from another chart analysis posted by Altcoin Pioneers, who highlighted a similar Shiba Inu price prediction. This setup uses Fibonacci retracement levels drawn from SHIB’s swing high at $0.00001598 to its recent low at $0.00001263.
The Fibonacci-based targets include $0.00001335 (0.786 retracement), $0.00001391 (0.618), $0.00001430 (0.5), and $0.00001597 (0 level). These levels act as potential resistance if SHIB begins to retrace upward from its recent decline.
Altcoin Pioneers advised traders to place a stop-loss around $0.00001172, the 1.272 Fibonacci extension level. This lower threshold represents the point at which the bullish setup would likely be invalidated.
RSI Indicator Reveals Bullish Divergence
Both charts highlight the relative strength index (RSI) as a key technical indicator in the current setup. The RSI currently reads around 29.49, which is in oversold territory. According to Altcoin Pioneers, the indicator is showing bullish divergence, where the RSI begins to rise even as the price continues to fall.
This divergence is often interpreted as a sign that selling momentum is weakening, and a price reversal could be near. Despite the bullish signals, analysts from both Swallow Academy and Altcoin Pioneers advise caution.
Shiba Inu Price Prediction from Other Analysts
Meanwhile, Shiba Inu continues to attract bullish predictions despite recent pullbacks. Crypto analyst Javon Marks noted that SHIB is maintaining strong bullish momentum after breaking a multi-year downtrend.
Marks is sticking to his $0.000081 target, suggesting a potential 500%+ rally from current levels, supported by a breakout above a key resistance line dating back to its previous all-time highs.
Analyst Mark.eth also highlights a bull flag formation on the weekly chart that could trigger a major breakout. He believes SHIB’s breakout will ignite a wider meme coin rally, given its $7.7B market cap representing over 10% of the sector. Supporting this view, Shib Spain forecasts a surge to $0.0001, over 660% from the current price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
