📈 SHIB Outperforms Meme Coins
Shiba Inu is up 5.28% in 24 hours, trading at $0.0000136, outperforming many meme coins. Social volumes have surged 126% in a day, hitting their highest level since January. This retail trading buzz could fuel buying pressure, setting SHIB up for a potential breakout.
🔍 Rare Double-Bottom Pattern Signals 110% Rally
SHIB’s daily chart shows a double-bottom—a classic bullish reversal pattern. If buying pressure sustains, SHIB could target $0.000029, marking a 110% rally. Key resistance lies at the 200-day SMA ($0.0000147). A move past this level toward $0.000017 would confirm the bullish setup.
⚠️ Not a Smooth Ride Ahead
Despite the bullish pattern, SHIB often faces volatility with traders taking quick profits. Multiple rejections at resistance levels are possible before any rally. RSI needs to stay above 50 and keep climbing to support the bullish case.
💬 Social Buzz Fuels Buying Interest
Santiment data shows SHIB social volume spiked 126% in 24 hours. This surge indicates growing interest, potentially attracting more retail traders. As Ethereum rallies against Bitcoin, Ethereum-based meme coins like SHIB could benefit from positive spillover effects.
✅ Bottom Line
SHIB appears primed for a move toward $0.000029 if social hype, whale buying, and network activity persist. Watch the $0.0000147 resistance closely as the key trigger for this potential 110% rally.
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