Shiba Inu, one of the leading meme-inspired cryptocurrencies, has maintained stability around a major support zone, prompting renewed optimism among analysts that the asset could be preparing for a potential reversal . Despite prolonged weakness across the broader market, SHIB continues to attract attention from traders monitoring its technical structure. The token has dropped by 1.7% over the past week, 18.77% in the last 30 days, and more than 42% since the start of the year. These declines indicate a dominant bearish trend, but some analysts argue that SHIB’s long-term structure remains intact. SHIB Holding at a Key Support Range Market analyst ForexDremVantage recently published an update highlighting that Shiba Inu has managed to sustain its position above a crucial support level near $0.000010. He emphasized that maintaining this range could be essential for preventing further downside pressure and potentially setting the stage for recovery. According to the analyst, this zone has served as an accumulation area since March 2025, as investors continue to consolidate holdings at these lower levels. Other market commentators have expressed similar views, noting that prolonged accumulation at major support areas often precedes significant price movement. Potential Recovery Levels Identified In his latest assessment, ForexDremVantage also outlined additional technical levels that may influence SHIB’s short-term trajectory. He identified $0.0000119 as the next significant area of demand, describing it as both a potential recovery target and a region containing substantial supply pressure. The analyst projected that a move toward this range would represent approximately a 20% increase from the current trading level of $0.000001047. Successfully reclaiming this price point could serve as confirmation of renewed bullish momentum, signaling that the market is ready for the next upward phase. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 However, he cautioned that several resistance zones remain overhead. The most immediate obstacle is a descending trendline that has consistently limited price advances since May, when SHIB last traded at $0.00001765. Technical data shows that this trendline currently aligns near $0.000013, about 31% above current prices. Confirmation of a Bullish Reversal According to ForexDremVantage, a decisive breakout above the descending trendline would likely bring Shiba Inu into what he describes as the “trend reversal zone.” This region begins near the May 12 high of $0.00001765, representing a potential 78% gain from current levels. Reaching and maintaining a price above this threshold would, in his view, confirm a transition from a bearish to a bullish trend. Such a move would also establish new targets at $0.000020 and $0.000025, levels that could define the next phase of SHIB’s market cycle. While SHIB continues to trade under pressure, its ability to hold key support areas suggests that sellers may be losing momentum. Analysts note that if buying interest increases at the current range, the asset could be positioned for a gradual recovery. However, sustained gains will depend on whether the token can overcome multiple layers of resistance and maintain consistent trading volume. For now, the market’s focus remains on whether Shiba Inu can preserve the $0.000010 support level. A breakdown below this threshold could expose the asset to new lows, while a confirmed move above $0.000013 could signal the start of a broader recovery phase. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says Shiba Inu (SHIB) Would Enter Trend Reversal Zone If… appeared first on Times Tabloid .
