Shiba Inu’s Double Bottom: Bullish or Bust?

by

The price of Shiba Inu, that most capricious of digital serpents, begins to sketch a double bottom upon the canvas of the market’s psyche, its movements guided by the arcane alchemy of value area confluence, which whispers of a possible bullish rotation should the support hold firm-though the market, ever fickle, may yet mock this hopeful dance. 🐕📈

//media.crypto.news/2025/12/SHIBUSDT_2025-12-17_01-23-11.webp”/>

The current price action on Shiba Inu highlights a textbook environment where reversal structures tend to emerge. Price has tested the same support region twice and held on both occasions, forming what appears to be a double bottom pattern-a classic tale of resilience, though the market’s narrative is never fully written. 📖

What strengthens the case for SHIB is the confluence at this support zone, a convergence as rare as a diamond in the rough. The double bottom aligns not only with daily structural support but also with the Value Area Low, the lower boundary of fair value within the current trading range. When price holds the VAL, it often signals that the market is defending value rather than entering a deeper price-discovery phase to the downside-a delicate balance between hope and despair. 🧠

From a market-structure perspective, this area marks a potential inflection point, a moment where the tides of sentiment may turn. While SHIB remains within a broader corrective structure, the failure of sellers to push price lower on repeated attempts suggests growing exhaustion-a glimmer of light in the shadow of bearishness. 🌞

The next critical step for confirmation lies in a rotation back toward the Point of Control (POC), that elusive price level where the market’s equilibrium is said to reside-a place as sacred as a medieval cathedral, yet as treacherous as a tightrope over a pit of vipers. 🕯️

Beyond the POC, the Value Area High (VAH) becomes the primary upside objective, a beacon of hope for bulls. A move toward this level would confirm a market auction rotation from the lower boundary of value to the upper boundary, a classic behavior in range-based markets-a performance as predictable as a clockwork mechanism. ⏳

However, confirmation has not yet been received. Until price reclaims the Point of Control (POC) and shows impulsive upside movement supported by volume, the double bottom remains a developing structure rather than a completed reversal-a tale yet to reach its climax. 📖

Failed double bottoms can lead to accelerated downside, making ongoing monitoring of price behavior around support essential, even as Shiba Inu rolls out a debit card allowing SHIB spending and rewards, a testament to the ecosystem’s relentless innovation amidst cautious technical conditions. 🚀

From a technical and price-action standpoint, SHIB is at a decision point, a crossroads where the presence of a double bottom at high-time-frame support offers a tantalizing risk-reward setup for bulls, though patience, that most underrated virtue, is required until structural confirmation is finally unveiled. 🧭

The Ominous Horizon of Shiba Inu’s Price

If Shiba Inu continues to defend the current support and reclaims the Point of Control, a rotation toward the Value Area High becomes increasingly likely-a dance of hope and peril. Failure to hold support would invalidate the double bottom and reopen downside risk, a reminder that the market’s moods are as mercurial as a summer storm. 🌩️

Read More

2025-12-16 18:54