The post Shiba Inu (SHIB) Price Prediction: Shiba Inu May Surge Past $0.000025 Based on Technical Breakout Patterns appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB), one of the leading meme coins in the crypto market, is showing promising signs of a potential breakout that could push its price beyond the $0.000025 mark. Technical indicators, along with chart patterns, suggest that Shiba Inu may be on the verge of a strong upward movement, despite ongoing selling pressures from large holders. Bullish Technical Setup Signals Imminent Breakout The Shiba Inu price has recently formed key bullish structures on both weekly and daily charts. One of the most notable is the descending wedge pattern, a formation often regarded as a precursor to a strong rally. The price has been trading inside this wedge for months and appears to be nearing a breakout point. Shiba Inu is currently priced at $0.00001137 and shows potential to surpass the $0.000025-$0.000030 zone as momentum strengthens. Source: Crypto Catalysts via X Crypto Catalysts, a crypto analyst, notes that Shiba Inu “is flashing rare bullish signs,” highlighting the price’s multiple rebounds from a horizontal support near $0.0000115 since March 2025. The current price action also shows an attempt to reclaim this critical level after briefly dipping below it. Technical momentum indicators further reinforce the bullish case. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have produced bullish divergences, signaling a possible shift in momentum toward buyers. The analyst estimates that if the breakout confirms, Shiba Inu could potentially triple its value, targeting resistance around $0.000032. Double-Bottom Formation Adds to Optimism On the daily timeframe, Shiba Inu has formed a classic double-bottom pattern near $0.00001025, a strong indicator of price reversal. This pattern implies that the cryptocurrency has found a solid floor and could soon start climbing. The neckline of this formation sits near $0.00001765, which represents the first major target for a bullish breakout. Shiba Inu appears…

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Filed under: News - @ June 26, 2025 11:18 pm