Shiba Inu is starting to look exciting again as new chart analysis suggests a huge move could be coming.
Over the past week, SHIB price bounced about 4.7%, climbing from a low of $0.00001148 to around $0.00001202 as buyers stepped in to steady the market.
Now an analyst known as Market Spotter, who has a strong record of calling SHIB’s moves, says the weekly chart is flashing a bullish setup that could drive a powerful rally.
What you'll learn 👉
What the SHIB Chart Is Showing
Market Spotter explains that SHIB has been locked inside a falling wedge pattern on the weekly timeframe ever since March 2024.
Back then, the token hit a high of $0.00004567 before pulling back and moving between a tightening resistance line on top and a solid support line below.
In early September, SHIB price tried to break free with a push to $0.00001484, but momentum faded and the price slipped back. As the wedge narrows, pressure is building.
Market Spotter now expects a breakout as prices press tighter within the triangle, just as they did before SHIB’s big rally from a similar pattern in early 2024.
Shiba Inu could be on the brink of a massive upside move as a recent analysis identifies a bullish structure formation on the weekly chart.
— TheCryptoBasic (@thecryptobasic) September 29, 2025
The analysis comes from “Market Spotter” in an X post, as Shiba Inu shows positive signs. Market data indicates that SHIB rebounded 4.7%…
Market Spotter’s Bullish Target
If the pattern plays out again, Shiba Inu price could be in for a major move higher. Market Spotter’s chart points to a target back at the wedge’s starting level near $0.00004567, which would mean a gain of roughly 283% from current prices—close to a fourfold jump.
Other analysts are thinking along the same lines. MMBTrader, for example, has mapped out a potential climb to $0.00003364, then $0.00005480, and possibly as high as $0.00007716, which would represent more than five times today’s value if the bullish momentum really takes hold.
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Moreover, not everyone is convinced that the breakout is a sure thing. Market watcher RTED_Investing recently warned that bearish momentum could still drag SHIB lower.
Since the token was rejected at about $0.00001360 some weeks back, he showed that if $0.00001230 support is not holding, SHIB price can turn back to $0.00001100.
However, Shiba Inu has managed to move up by some 2% in the last 24 hours, which shows that buyers are still maintaining major levels and are not prepared to close their positions.
Bottom Line
Shiba Inu is once again at a critical point on the chart. Falling wedge pattern and decreasing price range are classic signs of an impending breakout, and past performance suggests SHIB price can move fast when the conditions are right.
If the bullish setup holds and resistance finally gives way, a break higher to the March 2024 high at $0.00004567 is within view, and still higher prices are possible if momentum simply continues. Traders will be watching over the next few days to see if this setup becomes the kind of explosive move Shiba Inu has seen in the past.
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