Highlights
- Shiba Inu price forms an inverse head and shoulders with a 540% upside target.
- Key breakout levels for SHIB sit at $0.000017–$0.000018 with long-term potential at $0.000081.
- Powell’s dovish remarks lifted the crypto market cap past $4 trillion, boosting SHIB’s outlook.
Shiba Inu price continues to attract attention as the token builds strength within the broader crypto market. At press time, SHIB trades at $0.00001321, marking a daily gain of 7.82% that reinforced growing optimism among investors. This bullish change aligns with bullish chart structures that highlight the potential of an upside breakout in the coming months. Meanwhile, positive macroeconomic conditions have added to these expectations, especially following the dovish statements of Jerome Powell on the U.S. monetary policy.
SHIB Price Action: Can the Inverse Head and Shoulders Unlock a 540% Surge?
According to Javon Marks, Shiba Inu price is forming a clear inverse head and shoulders structure with an estimated 540% upside target at $0.000081. The head of the pattern has formed at the level of about $0.000006, and the two shoulders are at $0.000010-$0.000012, forming a solid support level.
As long as SHIB holds these levels, the bullish structure remains intact. At the moment, SHIB faces resistance at $0.0000140–$0.0000155, which has repeatedly stalled upward attempts. A move above this area would shift interest to the neckline at $0.000017-$0.000018.
Beyond the neckline, Shiba Inu price could test $0.000020–$0.000025, followed by tougher resistance at $0.000032–$0.000035, where rallies have previously struggled. If sustained buying pressure emerges, SHIB may extend its climb toward $0.000045.
Eventually, this may clear the path toward the long-term target of $0.000081. However, a drop below $0.000010 would undermine the bullish formation and threaten to invalidate the prediction.
For now, the structure is in favor of the bulls, with the technicals in favor of the possibility of significant growth. This reinforces a strong Shiba Inu price prediction 2025 scenario that aligns with the analyst’s call.
Powell’s Dovish Tone Fuels Crypto Boom Beyond $4 Trillion
Shiba Inu price also received a boost after Jerome Powell’s dovish speech at Jackson Hole reignited global risk appetite. His remarks suggested potential interest-rate reductions. This increased the confidence in financial markets and cryptocurrencies in particular.
Consequently, the overall crypto market cap surged above the $4 trillion mark, indicating renewed strength in digital assets. Bitcoin and Ethereum led the charge, but top meme coins like SHIB also benefited from the liquidity boost and investor repositioning.
Institutional flows have been growing as portfolios are moving into higher-risk assets, which enhances market depth and trading volumes. Retail investors have also followed suit, driving higher participation across exchanges. If macroeconomic support continues, Shiba Inu price could ride this wave toward the ambitious breakout levels projected on the charts.
Summary
Shiba Inu price continues to build on a technically strong foundation supported by the inverse head and shoulders pattern. The sentiments by Powell have added an additional boost of confidence to the wider crypto market. If SHIB clears its neckline resistance, the 540% target at $0.000081 becomes achievable.
Frequently Asked Questions (FAQs)
1. What levels should SHIB holders watch in the short term?
2. What factors could invalidate the bullish Shiba Inu price setup?
3. How do Powell’s remarks impact Shiba Inu price?
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