- SHIB hits critical support at $0.0000060–$0.0000080, historically triggering strong rallies.
- Trader Prediction suggests potential gains of 382% to 1,206% if SHIB rebounds.
- Momentum remains fragile, requiring careful monitoring of RSI, volume, and price action.
Shiba Inu has lost 6% of its value in the past week, but trading activity has spiked sharply to $100 million today. The token has hit a key level that a popular trader calls a “mega support.” Historically, this zone has triggered strong rallies, rewarding those who buy the dip. Traders and investors are watching closely to see if SHIB can bounce again or continue downward pressure.
Mega Support Could Signal a Bounce
Crypto Patel, a trader with over 54,000 followers, recently highlighted the $0.0000060 to $0.0000080 range as a critical support level for SHIB. According to his analysis, SHIB has repeatedly rallied after touching this zone. The last time this occurred was in late 2024, when SHIB dipped near $0.0000060 and later formed a higher low at $0.0000075. Following that, the token surged more than 500% in just a few months, reaching $0.00004576.
Today, the token sits close to this historically strong support. A bounce from this level could trigger a similar upward move, offering traders the chance to capture significant gains. Patel predicts a potential 382% rise if SHIB climbs back to $0.000032. More optimistic scenarios see SHIB retesting 2021 highs at $0.000089, translating to gains of over 1,200%. For long-term holders, this could provide some relief after a 60% loss over the past year.
Technical charts confirm the relevance of the $0.0000080 zone. SHIB has bounced multiple times in recent weeks but struggled to reverse the overall downtrend. Rising trading volumes today suggest renewed interest. If buyers step in, this floor could hold, allowing SHIB to stabilize and eventually move toward $0.000010.
RSI Shows Momentum Is Still Fragile
The Relative Strength Index has fluctuated around the 14-day moving average, but momentum remains weak. Positive price action has yet to gain full traction, indicating caution for traders. Meme coins, in general, have faced strong downturns recently, with only a few exceptions like MemeCore and Pippin. SHIB’s repeated interactions with this support level suggest it may act as a launchpad, but investors should watch daily price action closely.
This week could prove decisive. Another bounce from $0.0000080 might confirm the strength of this floor and set the stage for recovery. Conversely, failure to hold could open the door to further losses. Traders are advised to monitor volumes, price movements, and RSI levels before making decisions. Long-term holders may view dips as opportunities, while short-term traders will look for clear confirmation of upward momentum.
SHIB’s history shows that key support zones can trigger dramatic rallies. If this pattern holds, the token could reward those who buy near current levels. Patience and careful monitoring will remain essential, as momentum indicators suggest cautious optimism rather than guaranteed recovery. The coming days will reveal whether SHIB can stabilize and start a new upward trajectory.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed