Will Shiba Inu (SHIB) Hit 37% Target? Analyzing New Bullish Formation for SHIB Price
Analysis
Price Impact
MedThe article suggests a potential 37% price increase for shib based on technical indicators like rsi and moving averages, and a breakout from a sideways range. while this is a significant potential move, it's based on technical analysis and not a direct fundamental catalyst, hence a 'medium' impact.
Trustworthiness
MedPrice Direction
BullishThe article clearly outlines a bullish scenario, with a target of $0.00000842 (a 37% increase) supported by a double bullish divergence on the rsi, price holding above key moving averages and a breakout from a sideways range. the critical support level at $0.00000504 is also highlighted as a key factor for this bullish outlook.
Time Effect
ShortThe article mentions the 'first quarter' for breaking above $0.0000068 and the target of $0.00000842, implying a short to medium-term outlook for this specific price movement. the build-up of energy during a dull phase also suggests an imminent move.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. While the crypto market is searching for direction, Shiba Inu (SHIB) is showing signs that its period of dormancy may be coming to an end. If you look at the SHIB/USDT chart on TradingView , it is clear that the asset has found firm ground above the 50-day and 23-day moving averages and may be preparing for a local reversal. Advertisement Over the past few weeks, SHIB has been trading in a rather dull sideways range, but it is often during such phases that energy builds for the next move. The price is currently around $0.00000615, and the technical picture looks more interesting than it may seem at first glance. Why $0.0000084 target is back on radar First of all, a double signal of strength has appeared, as the RSI indicator has printed a bull mark twice over the past month. This suggests the emergence of a double bullish divergence, when selling pressure begins to fade and buyers slowly start to accumulate the coin. HOT Stories 'Big Deal': Tether Signs Big Four Firm for First Full Audit Why Bitcoin's Bollinger Bands Point to $84,000 BTC as Next Price Target, Binance Rolls Out New AI Product for Trading Crypto, XRP Popularity Finally Brings Ripple USD Stablecoin to Korea: Morning Crypto Report The chart also shows how the price broke out of a narrow range above the $0.00000504 level. If it manages to hold here on the higher time frame, the first serious target will be the resistance zone around $0.00000662. Advertisement SHIB/USDT Daily Chart, Source: TradingView The main target for bulls, however, is currently located at the 200-day moving average. This stands at around $0.00000842. The distance from current prices is approximately the same 37%. You Might Also Like Tue, 03/24/2026 - 14:45 81 Trillion Shiba Inu Threshold Back After 181 Billion SHIB Hit Exchanges By Arman Shirinyan Of course, there are no guarantees in crypto, and SHIB remains highly dependent on overall market sentiment. However, the current chart structure with higher lows throughout March looks promising. Advertisement If the coin breaks above the $0.0000068 level by the close of the first quarter, it could trigger a wave of buying and a rapid move toward the target. For those tracking Shiba Inu , the critical support remains at $0.00000504. As long as the price stays above it, the growth scenario remains the priority. #Shiba Inu #SHIB #Shiba Inu (SHIB) Price Prediction