Shiba Inu is showing signs of recovery after a recent correction, with analysts predicting the possibility of a significant price rise in the near future.
According to According to analyst “Real CryptoRoy” on TradingView, SHIB has likely reached a local bottom, positioning itself for a bullish move in the coming weeks.
Shiba Inu correction phase may be over as signs of recovery appear
After recently reclaiming an eight-month high of $0.00003330 in December 2024, SHIB has entered a correction phase. Its price fell by around 44%, reaching $0.0000186, followed by a rebound up to the $0.00002 region.
For several weeks, Shiba Inu maintained a tight trading range around $0.00002, struggling to establish strong bullish momentum. While Shiba Inu briefly recovered to $0.000024 during the first week of January, it fell back below $0.00002.
Although these price swings were difficult for holders who bought at the peak, they provided an attractive entry point for medium-term investors looking to capitalize on the Shiba Inu’s potential rebound.
CryptoRoy acknowledged this view in his commentary. He pointed out that the price action on January 13, when Bitcoin fell to $89,000, was particularly significant. Although Bitcoin created a new yearly low below $90,000, SHIB did not dive below its previous lowest.
To recall, Shiba Inu dropped to $0.00001978 on the day, but closed above $0.000021. According to CryptoRoy, this “low” indicates the strength of the Shiba Inu’s momentum.
He also noted that the daily close remaining above key support levels suggests that the correction may be coming to an end. Specifically, the analyst pointed out that these positive signals indicate the possibility of an imminent upward movement.
Key Levels to Watch for SHIB Bullish Momentum
As a result, CryptoRoy has identified $0.000025 as a crucial resistance level for SHIB in the near term. If SHIB can break above This threshold and maintaining momentum could open the door to a retest of recent highs around $0.000033.
Furthermore, CryptoRoy suggested that a breakout of this resistance with high volume could trigger larger rallies to new highs.
However, CryptoRoy warned that the broader crypto market, led by Bitcoin, remains a key factor in SHIB’s performance. Since Bitcoin price action often influences altcoins, he advises traders to closely monitor BTC and its dominance (BTC.D) to gauge market changes.
Indeed, the crypto market has seen an improvement in sentiment with The recent movement of Bitcoin. Bitcoin yesterday reclaimed the $100,000 mark for the second time in 2025. This bullish sentiment has spread to Shiba Inu, which is trading at a new weekly high of $0.00002282 today.
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