- Shiba Inu breaks falling wedge with bullish RSI divergence, confirming a trend shift and possible breakout continuation toward $0.000081.
- Triple-bottom pattern near $0.00002000 and rising volume signal buyer strength, pushing SHIB above resistance without notable pullbacks.
- The order book shows a tight bid-ask spread and strong buy walls at $0.00001598, with price forming a higher low and testing breakout levels.
Shiba Inu (SHIB) has regained bullish traction, recording a 30% recovery over recent sessions. Chart structures and RSI divergence suggest continuation toward higher targets, with price currently stabilizing above $0.00002500.
Divergence Confirms Breakout Setup
Recent price action shows a confirmed reversal pattern forming after an extended downtrend. RSI indicators support the bullish shift, with momentum divergence aligning with breakout levels. Current market behavior supports extended upside above recently broken resistance zones.
Shiba Inu’s price structure shows a wedge formation breakdown with key strength across the $0.00002000 baseline. After several lower lows, the price reversed above descending resistance. A technical reading confirms the divergence through rising RSI values amid falling price levels.
Source: Javon Marks
Javon Marks has provided insights based on the visible breakout metrics and projected continuation path. He indicated that SHIB’s rebound, fueled by a triple-bottom reversal, may push toward $0.000081. According to Marks, the divergence points to a 105% upside recovery from this structure. He also marked a breakout target aligned with the chart’s descending wedge formation, confirming bullish continuation after trendline invalidation.
Besides, his review stated SHIB crossed previous rejection levels without a significant pullback, suggesting strong buyer conviction. The latest weekly candle surged past resistance with volume confirmation and rising RSI above 70. Marks concluded the pattern aligns with pre-2023 highs and may initiate a trend extension.
Market Structure and Buy-Sell Positioning
Trader Rai has offered a comparative analysis focusing on real-time order book data and intraday candlestick behavior. His assessment includes SHIB’s short-term fluctuations and current consolidation above $0.00001597.
Source: Trader Rai
Price movement displayed a 6.11% increase during the observed time window, showing intraday volatility and wicking behavior. A wick spike and swift retracement reflected aggressive price rejection, with momentum bouncing above support at $0.00001581. Rai’s data recorded a defined stop-loss zone and a 2.5:1 risk-reward setup, targeting $0.00001637.
Buy walls appeared near $0.00001598, while seller resistance built between $0.00001600 and $0.00001660. Rai identified these levels as near-term control zones. A recent green candle breached prior resistance, signaling renewed upside strength and strong participation. The candlestick pattern showed alternating bullish and bearish candles before forming a higher low.
The trading spread remained tight at one point, showing liquidity and steady execution speed. Though volume wasn’t visible, wick lengths indicated market reactions. Price action showed mixed candles before the breakout, with the most recent candle breaching the upper range.
