🐕🔥 SHIBA INU Hints at a Comeback as Double Bottom Pattern Emerges
Shiba Inu (SHIB) is once again grabbing the attention of crypto traders as early signs of a trend reversal begin to surface. After weeks of selling pressure, technical indicators now suggest that SHIB may be preparing for a potential upside move 📈.
📊 Double Bottom Signals Possible Trend Shift
On the daily chart, SHIB appears to be forming a double bottom pattern, a classic bullish structure that often signals the end of a downtrend. This formation indicates that sellers are losing momentum while buyers slowly step back into the market.
The pattern becomes more convincing as SHIB manages to defend a key support zone, showing signs of downside exhaustion ⚖️.
📉 Volume & Momentum Tell an Interesting Story
Although trading volume remains relatively modest, momentum indicators such as RSI are beginning to stabilize, hinting that bearish pressure may be fading. A sustained move above short-term resistance could confirm the bullish reversal 🚀.
🔑 Key Levels to Watch
Support: Strong demand zone holding firm
Resistance: Break above this level could trigger bullish continuation
Confirmation: Increased volume and higher highs
⚠️ What Traders Should Keep in Mind
Despite these early bullish signs, confirmation is still needed. Failure to hold support could invalidate the pattern and lead to further consolidation or downside.
For now, SHIB sits at a critical crossroads — patience and confirmation remain key 🧠.
🧠 Final Thoughts
Shiba Inu’s double bottom formation offers hope for bulls, but the market must follow through. If momentum builds, SHIB could be gearing up for its next recovery phase.
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