Shiba Inu (SHIB) Primed for 3X Surge as Bullish Breakout Patterns Flash Green

Shiba Inu's barking up the right technical tree—SHIB paints a textbook breakout setup that could send the meme coin sprinting past triple-digit gains.

Chartists spot the doge rival coiling for a volatility explosion as symmetrical triangle patterns tighten. When these formations snap, they typically unleash aggressive momentum moves. For SHIB, that trajectory points steeply north.

Retail traders are piling into perpetual swaps while whales accumulate spot positions—a combustible mix when breakout confirmation hits. Just don't expect Wall Street analysts to acknowledge the move until after it's already mooned (classic finance herd mentality).

Key levels to watch: A clean break above $0.000012 converts resistance into rocket fuel. Failure to hold $0.0000085? That's when the 'woof' turns into a whimper.

TLDR

• SHIB forms descending wedge and double-bottom patterns that could drive price to $0.000025
• Current price of $0.00001137 faces critical test at $0.00001100 support level
• RSI and MACD indicators show bullish divergence despite recent selling pressure
• Large holders continue reducing positions but overall crypto market sentiment remains positive
• Short-term consolidation expected between $0.000011-$0.0000125 range

Shiba Inu is showing mixed signals as the meme coin trades near critical support levels. The cryptocurrency currently sits at $0.00001137, down 0.78% in the past 24 hours.

Technical analysts have identified two key chart patterns that could drive SHIB higher. The first is a descending wedge formation that has been developing for several months. This pattern typically signals an upcoming breakout to the upside.

The second pattern is a double-bottom formation NEAR $0.00001025. This classic reversal pattern suggests the cryptocurrency has found strong support at this level. The neckline of the double-bottom sits around $0.00001765.

Crypto analyst crypto Catalysts notes that SHIB is “flashing rare bullish signs.” The price has bounced multiple times from horizontal support near $0.0000115 since March 2025.

$SHIB is now priced at $0.00001137 and could potentially rise above the $0.00003 threshold as momentum builds.
Easy 3x opportunity 🚀🔥 pic.twitter.com/VWQvvkvbGp

— Crypto Catalysts (@Crypt00catalyts) June 21, 2025

Technical Indicators Support Bullish Case

Both the Relative Strength Index and Moving Average Convergence Divergence have produced bullish divergences. These momentum indicators suggest buyers may be gaining control despite recent price weakness.

If the double-bottom pattern plays out, the price target WOULD be approximately $0.000025. This represents a potential 115% increase from current levels. The target is calculated by adding the height of the pattern to the neckline level.

For the breakout to confirm, SHIB needs to close above the $0.00001765 resistance level. This would validate both the descending wedge and double-bottom patterns.

Technical analyst Crispus explains that “the bullish breakout often follows a double-bottom pattern as long as the price remains above the lowest point.”

The pattern would be invalidated if SHIB falls below the $0.00001025 support level. This would open the door for further declines.

Whale Activity Creates Headwinds

Large holders have been reducing their SHIB positions since late 2024. Addresses holding between one million and one billion tokens have steadily decreased their stakes.

This whale selling creates downward pressure on the price. These experienced traders often lead market moves, making their actions worth watching.

However, the broader crypto market environment could offset this bearish factor. Bitcoin’s positive outlook may fuel rallies in alternative cryptocurrencies like SHIB.

Exchange reserves for Bitcoin have been shrinking, which typically supports higher prices. Altcoins often follow Bitcoin’s trend direction.

Short-Term Outlook Remains Mixed

Analyst Denys Serhiichuk expects SHIB to trade sideways for the rest of June. The trading range is likely between $0.000011 and $0.0000125.

This consolidation phase could serve as a base before any major price movement. The weekly chart shows equilibrium between buyers and sellers.

A daily close below $0.0000115 could extend the current correction. This would target lower support levels and potentially add another zero to SHIB’s price.

The declining volume is concerning as it shows waning investor interest. Low buying activity makes SHIB vulnerable to sudden price drops.

Current price action shows SHIB trading below major moving averages including the 50, 100, and 200-day EMAs. This confirms the bearish pressure remains in place.

For bulls to regain control, SHIB needs to reclaim the 26 EMA near $0.00001214 with strong volume. This would target resistance at $0.00001350 and potentially $0.00001499.

The asset has failed to regain important resistance levels at $0.00001214 and $0.00001339. These levels now act as overhead obstacles for any recovery attempt.

Market commentators note that SHIB is at a critical juncture. The cryptocurrency could either recover or face further declines depending on how it handles current support levels.

The meme coin faces intense competition in the current market environment. Retail holders are watching closely as SHIB tests key technical levels that will determine its near-term direction.