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Shiba Inu (SHIB) could be positioned for a bullish extension into Q2 2026, with potential upside of about 37% on the daily timeframe, according to the technical setup described in the article.
Over the past few weeks, SHIB has traded in a relatively flat sideways range, a condition the article notes can be associated with energy building for the next market move. The coin is currently trading around $0.00000615, and the technical picture is described as more constructive than it initially appears.
The article points to a “double signal” of strength, saying the RSI indicator printed a bullish mark twice over the past month. It interprets this as a double bullish divergence, where selling pressure begins to fade and buyers gradually accumulate the coin.
It also highlights a technical breakout: SHIB reportedly moved out of a narrow range above the $0.00000504 level. If the price can hold above this area on higher timeframes, the first notable resistance target is described as the zone around $0.00000662.
The main upside target is identified as the 200-day moving average, estimated at about $0.00000842. The article states the distance from current prices to this level is approximately 37%.
According to the article, a move above $0.0000068 by the close of Q1 could prompt a wave of buying and a faster advance toward the $0.00000842 area.
For downside risk, the critical support is listed at $0.00000504. As long as the price remains above $0.00000504, the article says the growth scenario remains the priority.
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