Coinpaper 2026-03-17 17:52:07

Shiba Inu Price Prediction: Analysts Target 50% Surge If SHIB Clears Major Resistance

Shiba Inu is showing renewed bullish momentum after breaking above a critical trendline barrier. Analysts now see a clear path toward a potential 50% rally if the meme coin can overcome the next major resistance zone. On March 13, SHIB broke cleanly above a short-term downward trendline, reaching an intraday high of $0.00000630. This trendline had suppressed the token's price since the January 5 peak of $0.00001009. The breach signals a shift in market momentum, with buyers asserting control after weeks of bearish pressure. Following the breakout, SHIB retested the broken resistance, dipping to $0.00000578 before bouncing back. By Monday, the token climbed to $0.00000644, where it met some resistance. Market analyst World of Charts flagged this move on X, describing the price action as a clean break with bullish implications. The Next Major Resistance Level With the immediate barrier cleared, attention now shifts to a more significant resistance zone near $0.0000070. This level aligns with a longer-term trendline that dates back to the September 13 high of $0.00001484. The trendline has consistently acted as a ceiling during SHIB's recovery attempts. In January, a surge to $0.00001009 stalled precisely at this resistance, triggering a fresh wave of selling. The same level is now the defining test for SHIB's next directional move. Breaking above $0.0000070 would be significant. From that point, a 50% rally would push SHIB past the $0.000010 psychological level. Reclaiming this mark would represent a major milestone for the token and could attract broader market attention. The resistance is not simply a price point, it reflects a structural barrier that has shaped SHIB's trend since late 2024. A confirmed breakout would signal that the broader downtrend is reversing. Until that happens, cautious optimism remains the appropriate stance. Weekly Chart Adds Context A separate analysis by market watcher Leeron Shim highlights SHIB's positioning on the weekly timeframe. The token is holding near the lower boundary of a falling wedge pattern. This structure typically precedes a bullish reversal when confirmed by sustained price action. Last week, SHIB recorded its first green weekly candlestick since early January. The 12.3% gain saw bulls defend the wedge's lower support line aggressively. That response suggests institutional or large-scale buyers are active at these levels. Shiba Inu is currently trading at around $0.00000603, down 1.28% in the last 24 hours.

Enim loetud uudised

Top Tier Crypto Platforms Crush the Broader M...
2026-03-17
China’s Fiscal Support: Strategic Buffer Agai...
2026-03-17
Trending Meme Coin PIPPIN Collapses by 50%: C...
2026-03-17
PayPal is rolling out its dollar-backed stabl...
2026-03-17
Silver Price Forecast: XAG/USD Holds Breath a...
2026-03-17
NEAR Protocol price prediction 2026-2032: Is...
2026-03-17
Gold Price Outlook: Fed Caution and Resilient...
2026-03-17
What If Elon Musk's Grok Leaks Classified Inf...
2026-03-17

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine