Shiba Inu Holds Key Support; Analysts Eye 30–900% Upside on Resistance Breaks
Shiba Inu (SHIB) has shown renewed bullish signs after recovering from a recent low of $0.00000756 and trading around $0.00000871–$0.00000892, remaining above a critical demand zone between $0.00000752 and $0.00000675. Economist Kamile Uray and other analysts say holding this support is essential for any sustained rally. Short-term resistance sits at $0.00001134 (≈30% upside). A daily close above $0.00001772 (≈103% gain) would confirm stronger bullish momentum and could open the path to higher targets at $0.00003310, $0.00004605 and the 2021 peak near $0.000088 — implying potential gains of roughly 280%, 428% and 910% from current levels. Analysts note parallels with rebounds from the same demand zone in 2021 and September 2023, when SHIB later reached multi-year highs. Traders are advised to consider strategic entries near the support zone while watching volume, daily closes above resistance levels and sustained buyer interest as confirmation signals for an impulsive uptrend.
Bullish
The combined reporting points to a bullish outlook for SHIB conditional on holding the $0.00000752–$0.00000675 demand zone. Short-term signals include a defined 30% resistance at $0.00001134 and a key confirmation threshold at $0.00001772 (daily close) that would materially increase upside conviction. Historical precedent (2021 and Sept 2023 rebounds from the same zone) supports the possibility of strong follow-through if buyers maintain volume and daily closes above resistance. For traders, the immediate implication is to treat the support band as a strategic entry area and to use daily closes and volume to validate breakouts; failure to hold the demand zone would invalidate the bullish scenario and likely lead to lower prices. Overall, the news is bullish for SHIB’s price action but depends on clear technical confirmations.