Shiba Inu (SHIB) Eyes a 399% Surge as Major Bullish Pattern Nears Completion

• SHIB is completing an inverse head and shoulders pattern, with a potential 399% breakout target at $0.000081, says analyst.
• Key support at $0.0000080-$0.0000100, while resistance at $0.0000150-$0.0000180 could lead to a breakout if surpassed.
• Holding above $0.00001600 strengthens SHIB’s bullish outlook, with potential gains toward $0.00002500-$0.00003600 if momentum builds.

Shiba Inu (SHIB) is forming a major bullish reversal pattern, with analysts pointing to an inverse head and shoulders pattern. According to Javon Marks, SHIB is nearing the completion of its final shoulder, potentially leading to a breakout. The projected target is $0.000081, a substantial 399% increase if the formation plays out.

The pattern consists of three levels: the left shoulder formed in 2022, the head reaching its lowest point in mid 2023, and the right shoulder currently testing support in early 2025. This indicates a prolonged accumulation phase, with buyers stepping in at profitable levels.

SHIB Tests Support and Resistance

SHIB is trading near important price zones that could determine its next move. Key support lies between $0.0000080 and $0.0000100, which needs to hold to maintain the bullish setup. A deeper support zone is between $0.0000050 – $0.0000060, where previous accumulation occurred.

Resistance is strong at $0.0000150 – $0.0000180, a region that could be the start of a breakout. The next barrier is at $0.0000220 – $0.0000250, marking a previous high. If buyers push SHIB past these levels, the projected $0.000081 is on, aligning with the pattern’s measured move.

SHIB Spain has noted that the asset is up for a sharp rebound. The price has consistently tested the $0.00001600 support, forming a double bottom pattern, which often indicates a reversal. Buyers have remained active at this level, preventing further downside pressure.

Breakout Potential Gains Strength 

SHIB’s ability to stay above $0.00001600 strengthens its bullish outlook. A break past $0.00001850 could lead to a strong rally toward $0.00002500 – $0.00002800. If momentum builds, SHIB may extend gains toward $0.00003600, aligning with historical resistance zones.

However, failure to hold above $0.00001600 could lead to a decline toward $0.00001400 – $0.00001200, delaying a bullish breakout. Analysts suggest that maintaining current support is important for SHIB to sustain its upward movement and confirm the broader bullish setup.