Shiba Inu (SHIB) traded cautiously on Wednesday, reflecting a broader pullback across the crypto market led by Bitcoin.
Over the past week, the second-largest meme coin has fallen nearly 9% amid intensified selling across major digital assets. Despite the recent weakness, analysts see potential for a rebound with SHIB’s price approaching key historical support levels, suggesting a possible bullish reversal.
Last week, prominent analyst JavonMarks highlighted the Relative Strength Index (RSI) on X, noting that the technical indicator could signal an upcoming upside move.
“With SHIB’s RSI making higher lows while its prices form lower lows, this is considered a regular bullish divergence in technical analysis and suggests a strong possibility for a bullish reversal.” He wrote. “A reversal can result in Shiba Inu recovering over 400% into the $0.000035 areas.”
Notably, a bullish divergence is generally seen as a precursor to upward momentum, suggesting that SHIB may be primed for a notable breakout after months of consolidation.
Meanwhile, crypto analytics firm Whale Scan projected that Shiba Inu (SHIB) could reach $0.00003–$0.00005 by late 2026, implying a 401%–736% surge from its current price of $0.000005979. This forecast aligns with other bullish predictions, including Changelly at $0.0000142, Telegaon at $0.0000543, and ChatGPT suggesting a potential $0.000115, while Coincodex remains more conservative.
The optimism is fueled by expectations of a crypto supercycle later this year, as analysts suggest the traditional four-year market cycle may have shifted to a five-year cycle. With historical support levels and growing buying pressure, SHIB could be positioned for a strong rally in the coming months.
In the short term, analyst Crypto Sat expects Shiba Inu (SHIB) to show signs of a reversal after weeks of market weakness. He highlighted an inverse head-and-shoulders pattern forming on the 4-hour chart, suggesting bearish momentum may be nearing exhaustion. Over the past 30 days, SHIB has dropped more than 20%, but reclaiming key resistance levels could signal a short-term breakout.
Crypto Sat noted the neckline between $0.0000070 and $0.0000072 as the key level to watch. A strong close above $0.0000072 with increased volume could push SHIB toward $0.0000078, then $0.0000085, and potentially $0.0000090 if momentum continues.
At press time, SHIB was trading at $0.0000056, up 3.3% over the past 24 hours.
Source: https://zycrypto.com/shiba-inu-could-likely-see-736-boost-to-0-00005-by-late-2026-say-multiple-market-pundits/

