- SHIB is gaining momentum after a Falling Wedge breakout and a $0.000012 target endorsement.
- Technical indicators suggest a potential trend shift, though resistance remains.
- Community recovery initiatives add support beyond pure price speculation.
A potential Shiba Inu rally is starting to pull in attention again, after SHIB’s marketing lead Lucie publicly backed a bullish price target of $0.00001200. Her endorsement followed a technical breakdown shared by analyst SHIB KNIGHT, who highlighted SHIB breaking out of a Falling Wedge pattern. That interaction quickly spread across crypto social channels, reigniting interest among traders who have been waiting for signs that SHIB may finally be turning a corner.
At the time of writing, SHIB is trading near $0.00000865, up about 3.6% over the last 24 hours. Even with the recent bounce, the token remains roughly 90% below its October 2021 all-time high of $0.00008845. Still, the renewed discussion around technical structure and leadership support has accelerated the SHIB rally narrative across multiple investor groups.
Technical Setup Suggests a Possible Trend Shift
The Falling Wedge pattern highlighted by SHIB KNIGHT is often viewed as a bullish formation, especially when price decisively moves above the upper trend line. In SHIB’s case, that breakout has shifted short-term sentiment across several trading circles. The pattern forms as prices compress between converging trend lines, usually signaling that selling pressure is weakening. Once broken, it can invite renewed buying interest, though confirmation is never guaranteed.
A move toward $0.00001200 would represent a meaningful gain from current levels, but it won’t come easily. SHIB still faces several resistance zones that have repeatedly stalled momentum in recent months. For this rally to sustain, the token needs to hold above key levels and attract consistent volume, not just short bursts of hype.
Leadership Support Adds Weight to the Narrative
Lucie’s public agreement with the technical outlook gave the setup extra credibility within the SHIB community. Beyond price discussion, she also drew attention to the POU initiative, a recovery-focused effort aimed at compensating Shibarium users affected by a security breach that drained more than $3 million from multiple wallets. The program, sometimes referred to as “SHIB owes you,” is designed to restore trust while addressing ecosystem-level issues.
Shiba Inu developer Kaal Dhairya has outlined a structured recovery plan built around blockchain-verified claims, using a dual-layer system to reimburse affected users. In his year-end remarks, he emphasized transparency and accountability, noting that claims are permanently recorded on Ethereum. The messaging signals that the team is trying to balance technical rebuilding with community responsibility, not just price speculation.
Market Context Still Matters
Despite the recent optimism, SHIB’s broader context hasn’t changed overnight. The token remains far below its historical peak, and psychological resistance levels continue to loom large. Past attempts to reclaim higher ranges have failed, often due to weak follow-through or broader market pressure. That history keeps expectations grounded, even as short-term indicators improve.
What’s different this time is the combination of factors lining up at once. Technical breakout signals, visible leadership endorsement, and concrete ecosystem recovery efforts are all unfolding together. Whether that’s enough to drive a sustained SHIB rally remains to be seen, but the setup is stronger than it has been in a while. For now, SHIB appears to be positioning for upside, even if the road ahead still looks uneven.
