Shiba Inu's Bullish Combo Sets Stage for Top 20 Ranking
Shiba Inu's (SHIB) price chart is showing a 'Bull Combo' setup, indicating a potential Top 20 ranking recovery. This setup is characterized by an extended accumulation phase and a strong bullish divergence in the Relative Strength Index (RSI). On the weekly chart, the RSI has held above 52, suggesting that selling pressure has been exhausted. The $0.0000053-$0.0000055 zone has become a firm floor for buyers.
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, when a breakout from consolidation drove the token's market capitalization to a peak of $19.8 billion.
The next move is mapped out around two strategic targets: the tactical barrier at the 50-week MA ($3.73 billion), and the global target at the 200-week MA near $0.00001217 ($7.14 billion). A breakout above the tactical barrier would allow SHIB to overtake Bittensor (TAO) and clear the way for further gains.