Shiba Inu Set to Soar 25% After Bullish Pattern – Is a Massive Rally Just Getting Started?

Jakarta, Pintu News – Shiba Inu is retesting the inverse head-and-shoulders breakout pattern, with a 25% upside target towards $0.00001871. Futures market data supports this positive momentum.

As the altcoin market surges, Shiba Inu is gearing up for a big reversal after a retest. After retesting the breakout of the inverse head-and-shoulders pattern, Shiba Inu is targeting a surge of almost 25% to the $0.00001871 level.

Shiba Inu (SHIB) Price Analysis

On the daily chart (21/5), Shiba Inu’s price trend shows a bullish breakout from the inverse head-and-shoulders pattern. The neckline of this pattern is around the $0.0000144 level, slightly above the 23.60% Fibonacci level.

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In the past week, Shiba Inu experienced a breakout rally that peaked at $0.0000170, before subsequently correcting downwards. This declineretested the neckline, signaling a possiblepost-retest reversal.

However, the MACD indicator and signal line show a negative crossover, signaling a potential price drop.

On the other hand, the daily RSI line started to move up after touching the oversold area and approaching the midpoint, indicating an opportunity for increased bullish momentum.

Moreover, the intraday surge of 1.03% in SHIB may form a morning star pattern, which is usually regarded as a bullish reversal pattern, supporting the post-re-test reversal thesis.

Based on Fibonacci levels, this potential reversal is expected to test the 50% Fibonacci level at $0.00001871, which could open up a 25% upside opportunity.

However, if the price fails to stay above the neckline and experiences a breakdown, then SHIB risks dropping to the $0.00001265 level, which was the lowest area in early May.

Optimism Strengthens in Shiba Inu Futures Market

The Shiba Inu futures market showed a surge of bullish anticipation as the funding rate increased to 0.1010%, based on data from CoinGlass.

Along with the increasingly positive market sentiment,open interest also rose by almost 2%, reaching $220.18 million.

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Interestingly, in the last 12 hours, the amount of liquidation of short positions jumped to $93K, while the liquidation of long positions was only around $35K. This strengthening bullish narrative suggests a potential price rally driven by the significant use of leverage.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Shiba Inu Eyes 25% Surge After Bullish Pattern Retest. Accessed on May 22, 2025