SHIB’s Bearish Run Ending? Key Reversal Signal Flashes at $0.0000114!

Dogecoin’s wilder cousin might be ready to flip the script.

After weeks of bleeding out, SHIB’s chart prints a tantalizing setup near the $0.0000114 level—a make-or-break zone that’s got degens and TA nerds alike hitting refresh.

The Pattern:

Three weeks of lower highs just got interrupted by a bullish divergence on the 4-hour RSI. Textbook stuff—if you ignore the fact that crypto laughs at textbooks.

The Context:

Memecoins don’t ‘fundamentals,’ but SHIB’s 30% drop from its last local top smells more like panic than a true breakdown. Especially with Bitcoin deciding $65K is the new coffee shop hangout.

The Punchline:

Either this is the dead-cat bounce before another leg down… or the start of a run that’ll make ‘HODL’ tweets age like fine milk. Watch the $0.0000114 level like it owes you money—because technically, it does.

*Bonus jab:* Nothing says ‘healthy market’ like a dog-themed token outperforming your 401(k).

Shiba Inu to sink towards the next cluster of liquidation levels?

Source: SHIB/USDT on TradingView

The picture from the technical analysis was not bright or bullish for SHIB bulls. After losing the $0.0000152-level as support, it retested the same as resistance, demarcating a supply zone. The market structure has been bearish since late May, and this has not changed.

The RSI has been below neutral 50 over the past three weeks, confirming the structural diagnosis. The OBV has also been trending southbound since late May – A sign of greater selling volume.

On Friday, 13 June, Shiba Inu fell as low as $0.0000114. At press time, the local support at $0.000012 was being defended. This might change in the next 24-48 hours. The downward wick made last Friday seemed highly likely to be tested soon.

Source: Coinglass

The liquidation heatmap with a 3-month lookback period agreed with this statement. It revealed two clusters of liquidity NEAR the price. The one further away from the price was at $0.0000136. The closer magnetic zone sat at $0.0000114, the low from Friday.

The bunched up liquidation levels around and just below the local low would likely to be visited soon, but this may not be a guarantee. At the same time, a bullish reversal from the range lows should not be taken for granted either. This, because of the declining OBV.

Traders can keep an eye on the $0.0000110-$0.0000114 area for a bullish reversal in the lower timeframe charts, or a bullish divergence to show itself in the coming days. This could be the cue for going long. Until then, the short-term bias can remain bearish.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion