Analysts See 110%–130% Shiba Inu Rally at $0.000011 Support
Shiba Inu has held a strong $0.000011 support zone after forming a bullish double bottom. Price is trading near $0.0000145, up over 15% weekly but still 31% below year-start levels. One analyst forecasts a 110% rally to $0.000029 on the double bottom breakout and rising social sentiment. A second expects up to 130% gains to $0.0000335 with entries at $0.00001092 and $0.0000188. Key indicators include an overbought RSI of 72, mixed whale flows, modest exchange outflows, and Shibarium network health (4.65 million daily tx, 50% utilization). With a 0.92 correlation to Bitcoin, any BTC pullback could affect momentum. Traders should monitor RSI levels, whale behavior, support and resistance zones, and Bitcoin’s moves. Risk management is advised for both short- and long-term positions of up to two years.
Bullish
Both analysts identify strong technical setups—double bottom breakout and tested support at $0.000011—alongside bullish on-chain metrics and rising social sentiment. Target levels of $0.000029 to $0.0000335 imply 110%–130% upside. Overbought RSI and correlation to Bitcoin introduce consolidation risk, but mixed whale flows and stable Shibarium usage support continued momentum. In the short term, traders may capitalize on breakout momentum, while long-term holders benefit from structural support and community optimism. These factors point to a bullish outlook for Shiba Inu.