Shiba Inu Price Prediction: Shib Just Deleted A Zero – Could This Be The Breakout Bulls Have Waited 56 Days For?
- Shiba Inu dropped a zero from its price during Monday trading, a testament that bullish Shiba Inu price predictions could be in play after a prolonged downside.
- That pullback points to short-term speculative trading rather than firm long-term accumulation.
- While the rally failed to reclaim the long-term downtrend defined by the 100-day SMA, the mid-term 50-day SMA has now flipped bullish.
- Strength building in the mid-term suggests the recent reversal may be a fresh uptrend, and with it, a 21-month bullish falling wedge breakout is now in focus.
What Happened
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Market Context
Shiba Inu dropped a zero from its price during Monday trading, a testament that bullish Shiba Inu price predictions could be in play after a prolonged downside.
That pullback points to short-term speculative trading rather than firm long-term accumulation.
Reclaiming that moving average is a meaningful shift in structure, creating a higher and firmer footing for a sustained upside move if broader market conditions prove supportive.
Shiba Inu Price Prediction: Small Step Eyes Massive Move
But as the bull market matures and sentiment drives more confident positioning on speculative coins like SHIB, this could extend 430% to $0.0000367.
If bullish sentiment accelerates and capital rotates back into more speculative plays like SHIB, the move could extend toward $0.0000367, a potential 430% upside from current levels.
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The post Shiba Inu Price Prediction: SHIB Just Deleted a Zero – Could This Be the Breakout Bulls Have Waited 56 Days For? appeared first on Cryptonews.
Why It Matters
Strength building in the mid-term suggests the recent reversal may be a fresh uptrend, and with it, a 21-month bullish falling wedge breakout is now in focus.
Momentum is now back near pre-crash levels. The MACD has posted its widest lead over the signal line since July, pointing to easing fear and improving trend strength after months of risk-off positioning.
Even with a cooldown, the broader structure stays constructive. A sustained breakout from the wedge could drive a 270% move toward late-2024 highs near $0.0000245.
Details
While only brief, the meme coin successfully tagged $0.00001 for the first time in 56 days before facing strong psychological resistance, with a rejection pushing SHIB back to around $0.0000087.
Even so, the technical picture has improved. While the rally failed to reclaim the long-term downtrend defined by the 100-day SMA, the mid-term 50-day SMA has now flipped bullish.
Still, the RSI looks stretched, pressing into the 70 overbought zone. That level often marks local tops as buyers cool off and sellers step back in, making a short-term pullback the more natural next move.
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