Shiba Inu Charts Bullish Path: Harmonic Pattern Points to 27% Price Surge
As the broader crypto market grapples with turbulence, Shiba Inu (SHIB) is quietly forming a technical setup that could spell an upside breakout. While Ethereum (ETH) and other major assets have struggled, SHIB appears to be building momentum for a potential 27% gain, thanks to a classic harmonic pattern on its daily chart.
Harmonic Pattern Signals SHIB Recovery in Sight
After a painful 41% drop year-to-date, SHIB is now showing signs of bullish reversal, guided by the appearance of a Bearish Gartley pattern — a technical structure that often precedes a strong short-term rally before any major reversal takes place.
SHIB’s recent decline began on February 12, when it failed to sustain momentum above the $0.00001732 resistance (identified as point X). Since then, it has shed nearly 40%, bottoming out at $0.00001031 on April 7 (point C). But from that low, the coin has begun forming the final CD leg of the pattern, with current price action hovering around $0.00001249.
If the Gartley pattern completes, SHIB could surge to $0.00001592, representing a 27% upside from its current levels.
Supporting the bullish case, the MACD indicator is attempting a bullish crossover, indicating that momentum may be shifting in favor of the bulls.
Next Stop: $0.00001592? SHIB Eyes Breakout
Should the bullish pattern play out fully, traders could see SHIB rising toward the $0.00001592 resistance zone over the coming days. This area, marked as point D in the Gartley structure, is critical — both as a profit-taking level and as a possible point of reversal, according to harmonic trading strategies.
“It’s a classic pattern play,” said one analyst. “The key is to monitor momentum and volume — if they hold, the bulls could make a serious move.”
Still, caution is warranted. Harmonic patterns are not foolproof, and experienced traders know to look for reversal signals once D is reached.
Room to Run, But Watch for the Turn
In a market dominated by volatility and bearish sentiment, SHIB’s rebound attempt offers a rare glimmer of optimism. The technical structure favors a short-term rally, but smart risk management remains essential. Hitting the D point could prompt a pullback, so traders should plan exits accordingly.
Whether you’re in for the short-term swing or watching from the sidelines, Shiba Inu is one to watch in the coming week.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before making any investment decisions.
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