A major medium-term story is unfolding around Shiba Inu (SHIB), drawing increased investor attention at the start of the fourth quarter. Key indicators on higher time frames have aligned to form a rare “bullish combo”: an extended accumulation phase has coincided with a strong bullish divergence in the RSI. On the weekly chart by TradingView, the relative strength index has held above 52.
This is a clear marker: selling pressure has been exhausted, and the $0.0000053–$0.0000055 zone has become a firm floor for buyers.
You Might Also Like
SHIB currently ranks 30th worldwide, with a market capitalization of $3.47 billion and a price of $0.0000059. Its current reversal structure is technically stronger than the one that preceded the rally in November 2024.
Back then, a breakout from consolidation eventually rebalanced the market and drove the token’s market capitalization to a peak of $19.8 billion. This time, the asset is entering a new cycle with a much more resilient base.
Where the critical levels are and which Top 30 assets SHIB could overtake
The next move is mapped out around two strategic targets:
-
Tactical barrier: A test of the 50-week MA at the Briefing level (market capitalization of $3.73 billion). A breakout above this line would allow SHIB to immediately overtake Bittensor (TAO) and clear the way for further gains.
-
Global target: A move toward the 200-week MA near $0.00001217, with a target market capitalization of $7.14 billion.
You Might Also Like
If this medium-term move plays out, it would achieve the community’s main psychological goal: removing one zero from SHIB’s current price. Within the global Top 30, such a rally would move the meme token into the 16th–17th range.
The growth projection suggests SHIB’s October chart is primed to shed a zero. The asset could overtake heavyweight tokens such as Litecoin ($5.46 billion), Uniswap ($5.64 billion), and NEAR Protocol ($6.34 billion), while cutting its market-cap gap with Dogecoin ($15.05 billion) by more than half.
The level that would invalidate this scenario lies well below, at the local low of $0.00000515.
Be the first to comment