Recent analysis highlights a potential recovery point for Shiba Inu as the cryptocurrency approaches a long-term support level. Observers have noted an unusual correlation between SHIB’s price movements and the copper-to-gold ratio, with both assets showing alignment in the timing of peaks and troughs, despite being unrelated markets. SHIB Consolidation and Price Range On the monthly timeframe, Shiba Inu has experienced a prolonged downtrend. Analyst Cantonese Cat highlighted this relationship in a chart comparing SHIB’s price movements with the copper/gold ratio. The token is set to mark its eighth consecutive monthly decline, with the last positive monthly close occurring in July 2025. Over time, this extended weakness has brought SHIB close to a historically significant price zone near $0.00000517. This level has served as a foundation for previous cycles, with similar bottoms observed in 2021 and 2023, followed by periods of upward momentum. $SHIB https://t.co/RAj4OSriDm pic.twitter.com/oyXtLSd6w2 — Cantonese Cat (@cantonmeow) March 11, 2026 Technical observations indicate that SHIB is trading within a multi-year range, with support around $0.00000517 and resistance near the 2021 all-time high of $0.00008845 . The asset’s current position near the lower boundary suggests a potential for buyers to re-enter the market if momentum shifts. Copper-to-Gold Ratio Trends Since 2011, copper has generally declined relative to gold, forming lower highs and lower lows along a descending trendline. Although this trend differs from SHIB’s horizontal consolidation, the timing of turning points between the two charts has coincided in the past. For instance, October 2021 marked SHIB’s all-time high while copper registered a lower high against gold, demonstrating a parallel in peak formation. The current market conditions show a similar alignment, with both SHIB and the copper/gold pair near long-term support levels. This alignment could increase the likelihood of a rebound if historical patterns persist. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Potential Recovery Targets Historically, the copper-to-gold ratio has responded to trendline support with upward corrections. If a similar rebound occurs, Shiba Inu could mirror this behavior. In the observed range, a recovery could push SHIB toward the upper resistance near $0.0000884, close to its historical peak . This move would imply a potential gain of approximately 1,470% from current levels. While the correlation is notable, it is not a guarantee. Shiba Inu and the copper/gold pair exist in distinct markets influenced by separate economic factors. Even if the copper/gold trend reverses, SHIB’s behavior may differ. The current situation places Shiba Inu under close observation as it rests near long-standing support levels. The apparent correlation with the copper-to-gold trend provides a framework for analyzing potential rebounds. However, traders should consider that no outcome is certain, and the broader cryptocurrency market will influence SHIB’s next moves . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Nears Critical Support Following Copper/Gold Trend appeared first on Times Tabloid .
