Shiba Inu price is on the verge of a bullish reversal, as momentum picks up after the recent SHIB burn, with a potential for 25–35% gains from current levels.
Summary
- Shiba Inu price has formed two higher lows and a higher high since the October 10 flash crash, reclaiming the 7-day SMA and nearing a 7/20-day bullish crossover.
- A confirmed breakout above $0.00001129 could open the path toward $0.00001250 and $0.00001400 — representing roughly 20% and 35% potential gains from current levels.
Shiba Inu price technical analysis
Shiba Inu (SHIB) recently conducted another token burn, removing 54,846,282 SHIB over the past week, representing 76% increase compared to the previous week, according to the October 27 announcement. Despite the lack of an immediate bullish price reaction — with SHIB currently experiencing a modest pullback after printing a higher high at $0.00001069 — the technical structure is showing early signs of a potential reversal.
The daily chart now displays two consecutive higher lows since the October 10 flash crash, followed by a higher high. The price has also reclaimed the 7-day SMA and sustained multiple daily closes above it. The
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Author: Darya Nassedkina
