- SHIB forms double bottom near $0.00001004, signaling potential 62% rally.
- Support at $0.00001030 must hold to confirm bullish breakout.
- SHIB team urges patience as community eyes recovery and long-term targets
Shiba Inu — SHIB, may be down, but the game isn’t over—not by a long shot. After crashing to a 16-month low, SHIB just formed a double bottom that could trigger liftoff. Market analyst Tom Tucker believes a 62% rally is now on the table. This call comes despite a recent market-wide panic, fueled by global tensions and Bitcoin’s slip below $100K. But if SHIB holds key support, this meme coin might roar back stronger than ever. SHIB holds the line at support.
Analyst Spots the Setup on Shiba Inu’s Daily Chart
Crypto analyst Tucker pointed to a double bottom formation near $0.00001004. This structure often hints that price has reached a floor. SHIB previously bounced from this zone in April, then skyrocketed 71.6% to a May high. Now, price has returned to the same support. SHIB dropped sharply due to fears linked to geopolitical unrest. The U.S. joined the Iran-Israel war narrative, spooking markets across the board. Bitcoin tanked temporarily, and SHIB followed, dipping below $0.00001100. Despite the bloodbath, Tucker believes opportunity is brewing.
He says a clean hold above $0.00001030 could confirm the bullish pattern. From there, SHIB might sprint back toward $0.00001752. That target aligns with its recent local high. The numbers make a compelling case. SHIB has already recovered 7.7% from its Sunday dip. Open interest also dropped to $122.97 million, showing reduced leverage and panic. Whale holdings shrank 80%, suggesting big players are cautiously watching support levels.
SHIB Team Rallies the Troops
Retail sentiment, while shaken, hasn’t disappeared. Many SHIB investors continue to hold despite the sharp price swings. The pattern on the daily chart acts like a flicker of light in a dark tunnel. SHIB just needs that one spark to catch fire again. While traders analyze charts, SHIB’s team continues to fuel belief. Lucie, the project’s marketing lead, addressed holders directly.
She urged the community to remain calm and trust the long-term vision. She was quoted saying that “We haven’t won yet—but we’re not done either.” The SHIB team still backs the dream of $0.01. They admit it may take time, but they refuse to abandon the goal. Meanwhile, the community clings to hope and historical patterns.
If support holds and momentum builds, SHIB could make a run. But the climb won’t be easy. The coin must prove strength before retesting resistance zones near $0.00001752. Traders now face a choice: panic or patience. With a bullish pattern emerging and support holding strong, optimism makes sense. The stage is set. The chart whispers possibility.And SHIB? It just might roar.
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