- Shiba Inu ($SHIB) has rebounded to $0.00002282 after recent lows, signaling potential bullish momentum if key resistance at $0.000025 is breached.
- Analyst CryptoRoy highlights a “higher low” at $0.000021 as a sign of strength, suggesting the correction phase may be over.
- Market optimism driven by Bitcoin’s $100K milestone could fuel SHIB’s recovery, with targets set at $0.000033 and beyond.
Shiba Inu is on the brink of a potential recovery, with analysts like “Real CryptoRoy” pointing to recent price action as a sign that the correction phase may be nearing its end. Here’s a rewrite of the article with a high degree of perplexity and burstiness:
Shiba Inu Shows Recovery Signals, Potential for a Major Rally Looms
Shiba Inu ($SHIB) is starting to bounce back after a tough correction phase, sparking fresh speculation about a possible price surge in the coming weeks. Analyst “Real CryptoRoy” on TradingView suggests that SHIB has likely hit its local bottom and could be primed for a strong upward move soon.
Shiba Inu’s Correction Phase Might Be Behind Us
In December 2024, Shiba Inu reached a notable eight-month high of $0.00003330 before succumbing to a sharp correction. The price plunged by roughly 44%, bottoming out at $0.0000186 before bouncing back to the $0.00002 region.
For weeks, $SHIB stayed in a tight range around $0.00002, unable to gain strong upward momentum. Although it briefly touched $0.000024 earlier in January, it quickly slid back below the $0.00002 mark. While frustrating for those who bought at the top, this decline created an opportunity for mid-term investors eyeing a potential rebound.
CryptoRoy highlighted the significance of January 13, when Bitcoin dipped to a yearly low below $90K. On the same day, SHIB fell to $0.00001978 but impressively closed above $0.000021. This “higher low,” as described by CryptoRoy, is an important indicator of strength.
According to the analyst, holding above key support levels suggests that SHIB’s correction phase may be coming to an end. These technical signals point to a potential price rally in the near future.
Key Levels to Watch for SHIB
CryptoRoy emphasized $0.000025 as a critical resistance level. Breaking through this barrier, especially with strong trading volume, could set the stage for retesting recent highs around $0.000033. A sustained move beyond this level might even push SHIB to uncharted territory.
However, CryptoRoy issued a word of caution: Shiba Inu’s trajectory remains tied to the broader crypto market, particularly Bitcoin. Since Bitcoin often dictates the direction of altcoins, monitoring BTC’s price and dominance (BTC.D) is crucial.
Improved Market Sentiment Boosts Shiba Inu
The crypto market as a whole is showing signs of recovery, driven by Bitcoin’s rally past $100K—a milestone it reached for the second time in 2025. This renewed optimism has spilled over into Shiba Inu, which hit a weekly high of $0.00002282 today.
As the market sentiment continues to improve, SHIB holders and traders are closely watching for that crucial breakout above $0.000025, which could usher in a new wave of bullish momentum. For now, the meme coin appears poised for a potential turnaround, though its path will likely be influenced by the broader market trends.
