Shiba Inu spots a double bottom as retail investors are wiped out Is a 30 percent rebound about to begin?
Shiba Inu spots a double bottom as retail investors are wiped out Is a 30 percent rebound about to begin?
Shiba Inu (SHIB) has halted its downtrend and completed a strong bullish “double bottom” pattern near the market bottom, signaling the potential for a major rally of more than 30%.
According to cryptocurrency media outlet U.Today on February 6 (local time), Shiba Inu has recently withstood record-level selling pressure and is undergoing a price consolidation process near the key support level of $0.00000667. Technical analysts note that a classic double bottom pattern—one that marks the end of a downtrend and a shift toward an upward trend—has been identified on the current SHIB chart. This formation typically appears when selling pressure has been exhausted, suggesting a strong relief rally of around 33% could emerge as market conditions stabilize.
At present, Shiba Inu is forming an “ascending structure,” with prices converging within a narrow range in preparation for increased volatility. The Relative Strength Index (RSI) recovering from the oversold zone near 30 back toward neutral territory indicates that short-term rebound momentum is reviving. Notably, unlike past crash phases, declining trading volume during this bottoming process suggests panic selling is easing and long-term investors are beginning to accumulate, which is interpreted as a positive signal.
The initial price target for the technical rebound is set at $0.00000834, representing upside potential of more than 30% from current levels. If Shiba Inu breaks through resistance on the declining Moving Average Convergence Divergence (MACD) and holds above the 50-day moving average near $0.00000794, it could gain further upside momentum and aim to reclaim the $0.00001 level. Analysts view the current price zone not as a mere short-term bounce, but as a potential starting point for a new trend.
However, lingering fear across the broader market and ongoing macroeconomic uncertainty remain key variables. If Shiba Inu fails to defend the $0.00000667 support level, the possibility of an additional decline toward $0.000003 cannot be ruled out. On-chain data analytics firm Santiment noted that extreme public pessimism could ironically present a contrarian investment opportunity, advising investors to closely monitor changes in whale holdings of SHIB.
As the crypto market focuses on whether Bitcoin (BTC) can hold the $60,000 level, a rebound in the memecoin sector—including Shiba Inu—is expected to serve as a barometer of investor risk appetite. If supported by an increasing token burn rate within the Shiba Inu ecosystem and technical enhancements to the Shibarium network, this double bottom pattern could offer investors one of the strongest profit opportunities heading into the first quarter of 2026.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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