|

Shiba Inu holders get Christmas early as SHIB price eyes 25% upswing

  • Shiba Inu price has seen an explosive 34% advance over the last 48 hours.
  • A minor retracement should give buyers a chance to recuperate, triggering another 25% upswing. 
  • A breakdown of the range low at $0.0000282 will invalidate the bullish thesis.

Shiba Inu price experienced a bullish onslaught over the last two days, resulting in an exponential upswing. The run-up, while impressive, failed to collect liquidity resting above a crucial level. Therefore, investors can expect SHIB to retrace briefly before seeing another leg-up.

Shiba Inu price looks ready for more gains

Shiba Inu price rallied roughly 34% in under two days, setting up a swing high at $0.0000378. The uptrend was a result of a liquidity run and a bounce off a significant support level. The run-up was supposed to collect the buy-stops resting above $0.000080, but the bulls fell short.

Investors can expect Shiba Inu price to see a pull-back to the 50% retracement level at $0.0000330 or the 70.5% retracement level at $310. Either way, a bounce off these levels will allow sidelined investors to jump on the bandwagon, triggering another run-up.

From the 62% retracement level at $0.0000318, Shiba Inu price can rally 19% before it approaches the $0.0000380 hurdle to collect the liquidity resting above it. Continued growth in bullish momentum will see SHIB continue this ascent to $0.0000412, suggesting a 25% rally.

SHIB/USDT 4-hour chart

SHIB/USDT 4-hour chart

All in all, Shiba Inu price looks primed for another rally. However, if SHIB fails to hold above the 79% retracement level at $0.0000302, it will indicate weakness among buyers. If this selling pressure continues, pushing SHIB to produce a 4-hour candlestick close below $0.0000282, it will create a lower low, invalidating the bullish thesis.

In this scenario, Shiba Inu price could crash 4% to revisit the $0.0000270 support floor.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.