Shiba Inu’s 35% Recovery Hits a Snag: Will the $0.000010 Support Hold?

As a broader market witnesses the downfall in the meme coins, Shiba Inu, the second-biggest in its segment, is down by 6%. Currently, the downfall has reached the $0.000015 mark, and its market cap is down to $8.25 billion.

The short-term pullback has marked a huge dent in the prevailing recovery run and limits the chances of an extended rally. Will this result in a downfall of the $0.000010 psychological support? Let’s find out.

Shiba Inu Price Analysis

In the 4-hour price chart, the Shiba Inu price trend reveals a massive volitional recovery over the past few weeks. From March 11 to March 26, the Shiba Inu price bounced back by nearly 35%.

This recovery run lasted from $0.000050 to $0.00001538. However, the bullish recovery in Shiba Inu surpassed the 200-EMA line in the 4-hour chart and led to a positive trend in the MACD and signal lines.

This resulted in a bullish crossover in the 20 and 200-EMA lines and is also teasing a potential golden crossover. Based on the Fibonacci levels, the recovery run challenged the 78.60% Fibonacci level at $0.00001562.

However, the higher price reaction led to a bearish turnaround with an evening sharp pattern. Currently, the downfall is testing the 50% Fibonacci level at close to the $0.000014 mark.

This leads to a negative crossover in the MACD and signal line, triggering a short-term sell signal. However, the rounding bottom reversal is hinting at a potential bullish continuation as the broader market stabilizes.

Shiba Inu Gears Up For 20% Rally

Supporting the bullish chances of a recovery run, BabyTraveler Crypto Analyst highlights a potential 20% surge in Shiba Inu. The traveler highlights an inverted head-and-shoulders pattern found by a cryptoanalyst, Satori BTC.

🔴 Shiba Inu Gearing Up for a 20% Surge?

🐶 Bullish Pattern Alert: Crypto analyst Satori BTC has spotted a Head & Shoulders formation on Shiba Inu’s $SHIB chart, signaling a potential trend reversal.

📈 Key Resistance Level: SHIB has repeatedly tested the $0.0000134 resistance.… pic.twitter.com/LcWxBiNL42

— Baby Traveler (@TravelerBaby) March 26, 2025

The neckline of the inverse head-and-shoulder pattern is at $0.0000134. Hence, the short-term pullback comes as a potential retest of the bullish breakout. Supporting the upside chances of a bull run in Shiba Inu, the analyst highlights the recent breakout of the 20-day EMA, driving the bullish momentum.

Furthermore, the SHIB burn report announced a 94.68% drop in Shiba Inu burn rate over the past 24 hours. With only 1.7 million tokens removed, a slower burn rate could result in a declining long-term growth.

As per the price action analysis, the bullish continuation post-retest reversal could result in a 20% rally, reaching the $0.000020 psychological mark.

Written by
Sahil Mahadik

As a full-time trader with over three years of hands-on experience in the financial markets, I have honed an exceptional proficiency in technical analysis, which is the cornerstone of my daily monitoring of price fluctuations in leading assets and indices. My journey into trading began with a deep fascination for financial instruments, and this curiosity naturally expanded into the ever-evolving world of cryptocurrencies. I am currently contributing to CryptoNewsZ and have also written for Coingape, The Coin Republic and TheMarketPeriodical. I am driven by my passion for the markets and want to explore new opportunities, I analyze emerging trends and strategies to get maximum returns in traditional and crypto markets.