Shiba Inu (SHIB) Forms Double Bottom at $0.000012: Bullish Reversal Signal or Bear Trap

Quick Highlights Shiba Inu forms a double bottom at $0.000012, signaling potential bullish ￰0￱ at $0.00001345–$0.00001445 could trigger strong momentum if bulls break through. A daily close below $0.000012 may invalidate gains and push SHIB toward $0.000011 Shiba Inu has faced sharp declines over the past cycle, losing more than 85% of its value and slipping out of the top 20 cryptocurrencies by market ￰1￱ meme coin’s price has remained under pressure, struggling to sustain momentum after dropping below key ￰2￱ this downturn, analysts suggest that a potential shift could be underway as technical indicators point to a bullish ￰3￱ observers note that a critical price formation at a long-standing demand zone may provide the foundation for a recovery ￰4￱ the time of writing, Shiba Inu (SHIB) is trading at $0.00001237, reflecting a 2.5% increase in the last 24 ￰5￱ Bottom Pattern at Demand Zone Shiba Inu has recently formed a double bottom pattern after falling below $0.000013.

This development, seen around the $0.000012 level, is notable because it coincides with a historical demand zone where significant buy pressure often ￰6￱ analyst MyCryptoParadise emphasized that such formations, when occurring at key support levels, frequently mark the beginning of bullish ￰7￱ structure of the double bottom suggests that Shiba Inu could be preparing for a trend shift if momentum holds. A decisive break above $0.000013 would be the first ￰8￱ there, the price would only need to clear the weak resistance at $0.00001345 before confronting the liquidity-heavy zone between $0.00001428 and $0.00001445. Shiba Inu price shows bottom signal,