Shiba Inu Price Prediction: Technical patterns indicate that SHIB may big pump 110% to $0.000029.

Shiba Inu (SHIB) price pump, social heat simultaneously surges Shiba Inu performed strongly today, leading the rise among mainstream memecoins. In the past 24 hours, the price has pumped by 5.28%, reaching $0.0000136. Meanwhile, according to data from Santiment, the social mentions of SHIB have risen by 126% in the last 24 hours, reaching the highest level since January, indicating a significant increase in retail trading interest.

The surge in social activity is related to the recent performance of Ethereum (ETH). As ETH outperformed Bitcoin in the past day, SHIB, as a representative memecoin of the Ethereum ecosystem, also gained pump momentum.

Double bottom pattern appears, SHIB may surge 110% On the daily chart, Shiba Inu has formed a classic "double bottom" technical pattern. This pattern is generally considered a signal of a trend reversal, indicating that the price is about to begin a rising cycle characterized by higher highs.

If SHIB can rise above the 200-day Simple Moving Average (SMA) resistance level of $0.0000147 and continue to pump to $0.000017, it will confirm the breakout and initiate a new round of rise. The target price is $0.000029, which represents a 110% increase from the current price.

However, it is important to note that the price of SHIB has always been highly volatile, and profit-taking by short-term traders may cause the pump process to be accompanied by multiple pullbacks. Therefore, investors need to closely monitor whether the price can consistently hold above key resistance levels.

Technical indicators support bullish scenarios If the Relative Strength Index (RSI) can continue to rise and stay above 50, it will further validate the sustainability of the current pump trend. At the same time, increased whale buying and network activity have also boosted market confidence in the rise of SHIB.

According to earlier analysis by CoinGape, Shiba Inu is on the path to $0.000030, driven by an increase in whale holdings and on-chain activity. If the overall market sentiment aligns, this predicted target is very likely to be achieved in the near future.

Social momentum becomes the key to pump In the crypto market, social heat often forms a feedback loop with prices. The current increase in social activity may trigger more retail FOMO (fear of missing out) sentiment, leading to sustained buying pressure. If this trend continues, buying momentum is expected to drive SHIB to achieve a breakthrough.

Conclusion: Breakthrough or Consolidation? The key lies in stabilizing at 0.0000147 USD Overall, Shiba Inu is on the verge of a breakthrough in a key technical formation. If it successfully rises above $0.0000147, the target price is expected to reach $0.000029, achieving a 110% rise. However, if it encounters strong resistance, it may pull back or consolidate in the short term.

Investors should pay attention to changes in trading volume, the sustainability of social activity, and breakthroughs in technical resistance to determine whether the rise is sustainable.