SHIB Breaks Free—Can This Momentum Fuel a Parabolic Surge?

SHIB breaks descending wedge and retests support, confirming bullish reversal.

Indicators like RSI and MACD signal growing momentum for upward movement.

Analysts predict SHIB could surge up to $0.0000943 if current trend holds.

After months of sideways action and fading hype, Shiba Inu’s SHIB broke out of a long-term descending wedge. That’s not just a pattern—it’s a message. Bulls have returned. The move came in mid-July and was followed by a textbook retest of the breakout zone. SHIB didn’t just survive the pullback. It held its ground. Now, momentum is building, and analysts believe the next move could be explosive.

SHIB’s Technicals Point to a Strong Reversal

The breakout wasn’t random. SHIB formed the wedge back in December 2024 and stayed trapped inside it for months. The downtrend chipped away at sentiment. But in July, bulls pushed price through resistance and flipped the trend. Since then, the token has tested that breakout level as support—and passed. This classic breakout-retest pattern has played out before in major rallies. Momentum indicators now confirm the shift. The Relative Strength Index (RSI) shows a clear bullish divergence. That means the price moved lower while strength started climbing.

The MACD also turned positive, supporting the reversal thesis. These signals point to renewed demand and a change in market structure. Market analyst TheTraderAndy sees SHIB targeting $0.000033 in the short term. That level aligns with previous highs and marks a key area of interest. He believes holding the support zone is crucial. If price stays above that level, a strong rally becomes far more likely. The trend now favors buyers.

Wave Structure Suggests Explosive Upside Potential

Wave analysts offer an even more optimistic view. According to Elliott Wave theory, SHIB completed a five-wave downtrend earlier this year. That structure was followed by a three-wave correction. Now, the token appears to be entering wave C of an A-B-C structure. Wave C often delivers powerful upward momentum. It’s the market’s response to exhaustion on the downside.

Targets from this model are bold. Some analysts expect SHIB to reach $0.0000621 or even $0.0000943. Those levels represent 360% to 600% gains from today’s prices. It may sound wild—but crypto has delivered crazier moves with less structure behind them. Even the recent pullback hasn’t shaken sentiment. After peaking at $0.00001597, SHIB dipped to $0.00001330. But this drop was expected by many. It’s seen as a clean retest of prior resistance, which now acts as strong support.

CryptoNuclear, another top analyst on TradingView, views the retracement as part of the setup—not a breakdown. Shiba Inu has snapped back to life. The breakout from the wedge, combined with a strong retest, signals strength. Indicators confirm the momentum shift. Analysts see short-term and long-term targets well above current prices. With sentiment improving and structure aligning, SHIB might be preparing for another parabolic move.