Shiba Inu Bull Combo Sets Stage for Price Surge
Shiba Inu's (SHIB) market movement has become more promising as key indicators on higher time frames have aligned to form a rare 'bullish combo'. This combination of an extended accumulation phase and a strong bullish divergence in the Relative Strength Index (RSI) suggests that selling pressure has been exhausted, and the asset is primed for growth. On its weekly chart by TradingView, the RSI has held above 52, indicating a clear marker that buying pressure has taken over.
The $0.0000053-$0.0000055 zone has become a firm floor for buyers, indicating that this level has become a strong support point for SHIB. Currently, SHIB 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.
The next move is mapped out around two strategic targets: a tactical barrier at the 50-week MA level, which would allow SHIB to overtake Bittensor (TAO) and clear the way for further gains; and a global target near $0.00001217, with a target market capitalization of $7.14 billion.
According to the projection, if this medium-term move plays out, it would achieve the community's main psychological goal: removing one zero from SHIB's current price. This growth would also allow SHIB to 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.