Key Takeaways:
- SHIB forms a double bottom at $0.00001004, hinting at a possible 62% rally.
- Reduced leverage and whale activity point to market stabilization.
- SHIB’s community and project team continue to back its long-term vision.
Shiba Inu (SHIB) may be trading near a 16-month low, but the meme coin’s comeback story might just be getting started. Crypto analyst Tom Tucker has spotted a double bottom formation that could spark a 62% rally — if SHIB continues to hold key support levels.
Analyst Spots Bullish Pattern on SHIB’s Daily Chart
According to Tucker, SHIB’s price action near $0.00001004 has formed a textbook double bottom — a bullish reversal pattern that suggests selling pressure is waning. The last time SHIB bounced from this support in April, it surged 71.6% into May.
Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life.
— Tucker Carlson (@TuckerCarlson) March 6, 2025
(0:00) What Has Prison Been Like?
(2:28) Was SBF Ever on Adderall?
(4:42) SBF Meeting Diddy in Prison
(7:01) How Prison Has Changed… pic.twitter.com/mNSNktLibg
Recent market panic, triggered by escalating geopolitical tensions and Bitcoin’s brief slip under $100K, sent SHIB tumbling below $0.00001100. Yet despite the pullback, Tucker remains optimistic. A steady hold above $0.00001030, he says, could validate the pattern and set the stage for a breakout toward $0.00001752.
$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.
— Tom Tucker (@WhatzTheTicker) June 22, 2025
Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low.
TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD
Reduced Leverage and Whale Activity Hint at Stabilization
Market data shows SHIB has already rebounded 7.7% from Sunday’s low. Open interest has dropped to $122.97 million, signaling reduced leverage and less speculative trading. Meanwhile, whale holdings have shrunk 80%, suggesting that major players are waiting for confirmation of support stability before re-entering.
Also Read: How Much Shiba Inu (SHIB) You Need to Make $1M if It 10x or 50x — Full Breakdown
SHIB Community Rallies as Project Team Reaffirms Vision
Despite volatility, SHIB’s retail community remains resilient. Marketing lead Lucie recently addressed holders, encouraging them to stay calm and committed to the project’s long-term vision. “We haven’t won yet—but we’re not done either,” she affirmed, reiterating the team’s ambitious $0.01 goal.
While the climb won’t be easy, technical signals and a supportive community suggest SHIB still has a shot at recovery. For now, all eyes remain on whether key support can hold — and if it does, SHIB might just roar back.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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