- SHIB eyes $0.000026 as Fibonacci’s 61.8% level at $0.00002319 turns key; breakout could target $0.000029 on bullish momentum.
- Bollinger Bands show $0.00002367 resistance; MACD crossover supports mild bullish momentum in SHIB’s consolidation phase.
- Javon forecasts a 234% SHIB surge to $0.000081, pending breaks of $0.0000120–$0.0000140 resistance in the broader bullish trend.
Shiba Inu has shown recovery potential from a downtrend. Analyst Ali indicates a “buy” signal from the TD Sequential indicator on the daily timeframe. This signal suggests a possible price rally to $0.000026 or $0.000029, supported by Fibonacci retracement levels.
Meanwhile, Javon predicts a climb toward $0.000081, a potential increase of 234%. Ali and Javon focus on support and resistance levels and recent trends providing a detailed outlook for SHIB.
Key Fibonacci Levels
Ali notes that the price is at $0.00002319, around the 61.8% Fibonacci retracement level. This level, often considered as an important point, currently acts as resistance. At press time SHIB had a 2.58% increase in the past 24 hours, a mild bullish momentum.
Fibonacci retracement levels from $0.00001850 to $0.00003344 outline potential support and resistance zones. Immediate resistance lies at $0.00002319, with the next levels at $0.00002487 and $0.00002667.
On the downside, $0.00002100 and $0.00001850 provide support. These levels show areas where price action could slow or reverse based on market sentiment.
Bollinger Bands and MACD
On a 4 hour timeframe the price is near the upper Bollinger Band at $0.00002367, suggesting potential resistance. The middle band at $0.00002224 acts as the dynamic support, while the lower band at $0.00002082 is the key support zone.
The MACD shows a bullish crossover, with the MACD line above the signal line and positive histogram bars. However, small histogram bars indicate mild momentum rather than a big rally. The price consolidation between $0.00002224 and $0.00002367 suggests market indecision.
Longer-Term Outlook
Javon’s broader trend outlook adds a different perspective. He identifies a parabolic rise followed by descending triangles and consolidation patterns. SHIB recently broke out from a falling wedge, a bullish confirmation phase.
Support at $0.0000080 appears critical for maintaining momentum, with resistance zones at $0.0000100–$0.0000110 and $0.0000120–$0.0000140.
Despite recent dips, Javon sees a potential climb to $0.000081 if resistance levels are overcome. The current retracement phase is the standard market cycles, with volume and sentiment likely to be key in SHIB’s next move.