If this crucial price point is reclaimed, the TradingView analyst suggests it could set the stage for Shiba Inu to retest a new resistance zone at $0.000033. This critical price level is one of Shiba Inu\u2019s recent highs, achieved during a period of explosive growth and heightened demand.<\/p>\n
The TradingView crypto expert shared a price chart, highlighting that a break of the aforementioned resistance level, accompanied by strong trading volume<\/a>, could pave the way for future gains and a larger bullish trend that could push Shiba Inu to new price highs.\u00a0<\/p>\n While he maintains a confident stance on his bullish outlook for Shiba Inu, the analyst has also highlighted the influence of Bitcoin\u2019s price action and dominance on Shiba Inu\u2019s performance. For instance, if Bitcoin remains stable or bullish, it could create favorable conditions for Shiba Inu and other altcoins to rally. Conversely, if Bitcoin turns bearish, Shiba Inu could also experience price declines and volatility.\u00a0<\/p>\n For mid-term investors, the current price near $0.00002 may present an opportunity to accumulate Shiba Inu at a low cost while watching its movements closely. The analyst has also highlighted the importance of key resistance and support levels, forecasting that Shiba Inu is preparing for a significant recovery.\u00a0\u00a0<\/p>\n While sharing his bullish forecast for Shiba Inu, the \u2018Real_CryptoRoy\u2019 disclosed that the meme coin is currently in a correction phase after crashing<\/a> 35% from its local high of $0.000033 and consolidating above $0.00002.\u00a0<\/p>\n The TradingView analyst revealed that the $0.00002 level was a crucial support zone for Shiba Inucrucial support zone for Shiba Inu, which the meme coin has tested twice. Typically, when a cryptocurrency successfully tests a support level multiple times, it indicates that buyers are stepping in to defend this level and prevent further drawbacks.\u00a0<\/p>\n This support zone, highlighted by the orange circles on the analyst\u2019s chart, signals a potential local bottom for Shiba Inu<\/a>. The TradingView crypto expert has noted that Shiba Inu\u2019s present correction phase could present an attractive buying opportunity for investors who aim to capitalize on low prices and potential upward movement.<\/p>\n The analyst also pointed out that Shiba Inu\u2019s price performance<\/a> on the previous day was noteworthy, as it avoided falling below its prior low. Instead, the meme coin established a \u201chigher low\u201d, indicating that selling pressures<\/a> may be waning and its correction could be nearing its end.\u00a0<\/p>\n Recent technical analysis suggests that the Shiba Inu price may be preparing for a bullish rally, as the second-largest meme coin shows signs of a recovery from a correction phase. With key support levels established, a crypto analyst has projected a new bullish price target for Shiba Inu (SHIB). Shiba Inu Price Targets $0.000033 And…<\/p>\n","protected":false},"author":1,"featured_media":2518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[351],"tags":[41,36,42,43,38,352,353,39,354,355,356,357],"class_list":["post-2517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=2517"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/2518"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=2517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=2517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=2517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Shiba](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Shiba-Inu-Price.jpg?w=460&resize=460%2C272\")
<\/p>\nSHIB Finds Support Amidst Correction\u00a0\u00a0<\/h2>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"