Shiba Inu (SHIB) Shows Technical Signs of Potential 20% Upside Amid Key Support and Breakout Patterns
2025-07-13 14:24:25
Main Idea
Shiba Inu (SHIB) exhibits strong technical indicators suggesting a potential 20% price increase, supported by a key demand zone and bullish momentum.
Key Points
1. Shiba Inu's weekly close at $0.00001334 positions it above a critical support zone ($0.00001200-$0.00001300), reinforcing bullish potential.
2. The token's approach toward the upper Bollinger Band ($0.00001554) indicates possible upward momentum, targeting April highs.
3. A breakout above the 20-week moving average and invalidation of a bearish trendline from May further support the bullish case.
4. The $0.00001200-$0.00001300 demand zone has historically acted as strong support, with recent retests confirming its significance.
5. Overcoming resistance near $0.00001550 will require sustained buying pressure to validate the 20% upside potential.
Description
Shiba Inu (SHIB) has recently demonstrated a promising technical setup, closing a weekly candle above a critical support level and signaling potential for a significant price increase. The token’s price
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