Shiba Inu Clears Key Trendlines: Analysts See $0.00003 Target Within Reach

Shiba Inu (SHIB) has recently shattered major resistance levels, setting the stage for a potential rally toward $0.00003. According to technical analyst Charting Guy, SHIB’s trendline breakout and strengthening oscillator signals suggest a bullish shift that could revive December 2024 price levels.

Shiba Inu’s Breakout: Two Major Trendlines Fall

After bottoming slightly above $0.00001 on April 22, Shiba Inu began a steady ascent, reaching a high near $0.00001510 by April 26. Although the price retraced to the $0.0000135 range today, critical technical patterns suggest a much larger move ahead.

Charting Guy, a respected analyst on X, emphasized the importance of two descending trendlines that had kept SHIB suppressed throughout 2024 and early 2025.

The first major downtrend, which started in March 2024, triggered a series of lower highs and lower lows. SHIB ultimately broke above this resistance in late 2024, driving a spike to $0.000031.

However, a new descending trendline soon formed as selling pressure returned. In mid-April 2025, SHIB successfully breached this second resistance level, a significant event signalling a potential market shift.

Past attempts to break above this trendline at $0.000026 and near $0.000016 failed due to insufficient buying momentum. This time, however, Charting Guy argues that SHIB’s successful breach changes the market’s dynamic and paves the way for a move toward $0.00003, aligning with the 0.618 Fibonacci retracement zone from December 2024.

Oscillators Confirm a Bullish Shift

Supporting this breakout, the WaveTrend Oscillator has turned upward after plunging deep into oversold territory below 60. Historically, similar oscillator movements have preceded major Shiba Inu rallies, adding weight to the bullish setup.

In addition, Charting Guy’s weekly analysis of SHIB/USD offers further encouragement. Three key indicators — the RSI, WaveTrend Oscillator, and LMACD, are now flashing early bullish reversal signals:

The RSI sits between 40 and 45, flattening after a long downtrend. Although still neutral, this positioning typically precedes explosive upside when momentum returns.
The weekly WaveTrend Oscillator has printed a green dot at its lower boundary, a historically reliable signal for upcoming rallies.
The LMACD histogram is shifting from negative to neutral, and both oscillating lines approach a positive crossover — another bullish trigger.

Previous green dots and crossovers in these indicators led to multi-week expansions in SHIB’s price, suggesting the current setup may produce a similar result.

Other Analysts Also Eye Bullish Targets

Charting Guy is not alone in his bullish outlook for Shiba Inu. Analyst MMB Trader pointed to SHIB’s historical surge patterns, setting a near-term target close to $0.000037, provided the $0.00001 support holds firm.

Meanwhile, prominent analyst SABoikie argued that SHIB presents an excellent buying opportunity at current levels. Citing a potential fractal repetition from earlier cycles, he forecasts a breakout above $0.000014 and an extended target surpassing $0.00010.

As Shiba Inu stabilizes above broken trendlines and key oscillators flip bullish, the groundwork appears set for a potential rally toward $0.00003 and beyond.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.