Analyst Says Shiba Inu (SHIB) Would Enter Trend Reversal Zone If…

Shiba Inu, one of the leading meme-inspired cryptocurrencies, has maintained stability around a major support zone, prompting renewed optimism among analysts that the asset could be preparing for a potential ￰0￱ prolonged weakness across the broader market, SHIB continues to attract attention from traders monitoring its technical ￰1￱ token has dropped by 1.7% over the past week, 18.77% in the last 30 days, and more than 42% since the start of the ￰2￱ declines indicate a dominant bearish trend, but some analysts argue that SHIB’s long-term structure remains ￰3￱ Holding at a Key Support Range Market analyst ForexDremVantage recently published an update highlighting that Shiba Inu has managed to sustain its position above a crucial support level near $0.000010.

He emphasized that maintaining this range could be essential for preventing further downside pressure and potentially setting the stage for ￰4￱ to the analyst, this zone has served as an accumulation area since March 2025, as investors continue to consolidate holdings at these lower ￰5￱ market commentators have expressed similar views, noting that prolonged accumulation at major support areas often precedes significant price ￰6￱ Recovery Levels Identified In his latest assessment, ForexDremVantage also outlined additional technical levels that may influence SHIB’s short-term ￰7￱ identified $0.0000119 as the next significant area of demand, describing it as both a potential recovery target and a region containing substantial supply ￰8￱ analyst projected that a move toward this range would represent approximately a 20% increase from the current trading level of $0.000001047.

Successfully reclaiming this price point could serve as confirmation of renewed bullish momentum, signaling that the market is ready for the next upward ￰9￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 However, he cautioned that several resistance zones remain ￰10￱ most immediate obstacle is a descending trendline that has consistently limited price advances since May, when SHIB last traded at $0.00001765. Technical data shows that this trendline currently aligns near $0.000013, about 31% above current ￰11￱ of a Bullish Reversal According to ForexDremVantage, a decisive breakout above the descending trendline would likely bring Shiba Inu into what he describes as the “trend reversal zone.” This region begins near the May 12 high of $0.00001765, representing a potential 78% gain from current ￰12￱ and maintaining a price above this threshold would, in his view, confirm a transition from a bearish to a bullish ￰13￱ a move would also establish new targets at $0.000020 and $0.000025, levels that could define the next phase of SHIB’s market ￰14￱ SHIB continues to trade under pressure, its ability to hold key support areas suggests that sellers may be losing ￰15￱ note that if buying interest increases at the current range, the asset could be positioned for a gradual recovery.

However, sustained gains will depend on whether the token can overcome multiple layers of resistance and maintain consistent trading ￰16￱ now, the market’s focus remains on whether Shiba Inu can preserve the $0.000010 support level. A breakdown below this threshold could expose the asset to new lows, while a confirmed move above $0.000013 could signal the start of a broader recovery ￰17￱ : This content is meant to inform and should not be considered financial ￰18￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰19￱ are urged to do in-depth research before making any investment ￰20￱ action taken by the reader is strictly at their own ￰21￱ Tabloid is not responsible for any financial ￰22￱ us on Twitter , Facebook , Telegram , and Google News