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Shiba Inu Hints at a 38.20% Fibonacci Gain: Next Stop, $0.000030?

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Shiba Inu’s Latest Move Signals Potential Bullish Trend

Shiba Inu recently bounced from its $0.000017 support level. This bounce included two consecutive bullish candles that reversed a portion of the earlier losses. Buyers welcomed this rebound because it signaled renewed optimism in the meme coin market. However, technical indicators still display some conflicting signals that may affect SHIB’s longevity in this rally. Traders must stay vigilant and watch for any shift in investor sentiment.

Key Support and Resistance Levels

Shiba Inu first failed to maintain its position above the 78.6% Fibonacci retracement level at $0.00003149. This failure triggered a steep decline, which broke multiple support levels on the way down. The drop also pushed SHIB under its 200-day Exponential Moving Average (EMA), thus strengthening the bearish outlook. Nonetheless, the price now hovers near the 23.60% Fibonacci level, where it has found some support. Buyers must overcome the $0.000020 psychological barrier to validate a robust recovery. This level coincides with the 200 EMA and the 38.20% Fibonacci retracement, which makes it a critical region for any sustained uptrend.

Shiba Inu Price Anlaysis. Source| TradingView

EMA Crossovers and MACD Divergence

A negative crossover recently appeared between the 50 and 100 EMA lines, which often signals continued selling pressure. Traders also fear a possible “death cross” between the 50 and 200 EMA lines if bearish momentum lingers. Despite these ominous warnings, the Moving Average Convergence Divergence (MACD) indicator suggests a mild uptick in bullish momentum. The MACD and signal lines appear close to crossing, while the negative histograms have weakened. This divergence reflects uncertainty in the market, as one set of indicators hints at recovery while another highlights ongoing downward risk.

Read Also: 31.2% Price Drop for Alpha: Will It Rebound or Continue Falling?

Potential Scenarios for SHIB

Buyers hope to push SHIB above $0.000020 to confirm a lasting uptrend. A successful move above this resistance could propel the price toward $0.000030, possibly forming a rounding bottom reversal pattern. This scenario would encourage bullish traders to enter the market, as it reclaims a vital moving average and paves the way for further gains.

However, if Shiba Inu fails to maintain its foothold near the 23.60% Fibonacci level, it may tumble toward the $0.000010 psychological mark. Such a drop would likely introduce a prolonged correction. In that situation, the death cross between the 50 and 200 EMA lines becomes more likely. Extended bearish pressure could then dominate the short to mid-term price action, causing investors to reconsider their positions.

Should You Buy Before 2025?

Shiba Inu carries high volatility, which makes it attractive to risk-tolerant investors seeking significant returns. Technical signals currently present a mixed picture. On one hand, there is a mild bullish divergence in the MACD. On the other hand, recent EMA crossovers remain negative and continue to undermine confidence.

Short-term gains depend on a decisive break above the $0.000020 resistance. If the price clears that level, Shiba Inu may aim for $0.000030, reinforcing a bullish framework. Conversely, a drop below the 23.60% Fibonacci level could spark further declines and trigger a more severe downtrend.

Read Also: Can XRP Rebound 20% by May? New SEC Chair Confirmation Could Decide

Long-term holders might consider gradual accumulation, but they must assess their risk tolerance. Shiba Inu’s fate also depends on broader market conditions, especially as investors await the next major bull run in 2025. Always review personal investment objectives and stay informed about emerging trends. At press time, SHIB trades near $0.00001868, up by about 0.4% today.

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