Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround.<\/p>\n
The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu<\/a> futures falling to $123 million\u2014a level last seen in early April.<\/p>\n Based on reports from Tucker\u2019s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course.<\/p>\n SHIB<\/a> first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself.<\/p>\n $SHIB<\/a> crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.<\/p>\n Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low.<\/p>\n TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB<\/a> pic.twitter.com\/uEo3ebjxXD<\/a><\/p>\nDouble Bottom Pattern Offers Hope<\/strong><\/h2>\n