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.
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.
That pullback points to short-term speculative trading rather than firm long-term accumulation.
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.
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
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.
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.
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.
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.
