{"id":92989,"date":"2025-09-02T07:00:07","date_gmt":"2025-09-02T07:00:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92989"},"modified":"2025-09-02T07:00:07","modified_gmt":"2025-09-02T07:00:07","slug":"shiba-inu-price-forms-double-bottom-at-demand-zone-what-to-expect","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92989","title":{"rendered":"Shiba Inu Price Forms Double Bottom At Demand Zone \u2014 What To Expect"},"content":{"rendered":"

Among the top performers from the past cycle, Shiba Inu has struggled to hold its own<\/a> as its price has tumbled by more than 85%. As a result, the meme coin has been pushed out of the top 20 cryptocurrencies by market cap as the price continues to struggle. However, there could be a turn in the tide for the Shiba Inu price after a major price formation at a demand level. This historically bullish move could spell the start of another major rally for the meme coin.<\/p>\n

Shiba Inu Price Shows Bottom Signal<\/h2>\n

After tumbling below $0.000013, the Shiba Inu price has now reached a critical level that suggests a big move is on the horizon<\/a>. This was highlighted<\/a> by crypto analyst MyCryptoParadise, who identified the formation of a classic double bottom pattern. While double bottoms are not exactly rare, what makes this one so important is the level at which it was formed.<\/p>\n

As the crypto analyst points out, this classic double bottom formation has taken place around the $0.000012 level. This is a historical demand zone for the Shiba Inu price, which refers to a point where there is usually a lot of buy pressure for a digital asset.<\/p>\n

The formation at the support zone leads to a bullish structure that has more often than not led to a major price rally for a cryptocurrency. This means that this could be the start of a bullish reversal<\/a>, and all that needs to happen is for the bulls to maintain their momentum at this point.<\/p>\n

Once the price\u00a0breaks through the resistance<\/a> at $0.000013, then it only needs to surmount the weak resistance that has built up at $0.00001345.\u00a0This will actually lead to the level of importance, which lies between $0.00001428 and $0.00001445. These levels are important due to high liquidity, and the analyst explains that \u201cif taken out with strength, SHIB could trigger a sharp rally that leaves latecomers chasing.\u201d<\/p>\n

The Bears Still Have A Chance<\/h2>\n

The formation of the classic double bottom pattern at the demand zone is inherently bullish, but it doesn\u2019t completely eliminate the possibility that bears could still regain control<\/a>. A bearish scenario could be reached if the meme coin completes a daily close below the demand zone at $0.000012.<\/p>\n

Such a move would invalidate the bullish momentum for the Shiba Inu price<\/a>, signaling trouble for the meme coin. Further declines inside the current descending channel would put the Shiba Inu price on a path toward $0.000011 again.<\/p>","protected":false},"excerpt":{"rendered":"

Among the top performers from the past cycle, Shiba Inu has struggled to hold its own as its price has tumbled by more than 85%. As a result, the meme coin has been pushed out of the top 20 cryptocurrencies by market cap as the price continues to struggle. However, there could be a turn […]<\/p>\n","protected":false},"author":0,"featured_media":92990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92989"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92989"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92990"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}