Analyst maps 500% rebound for Shiba Inu from $0.0000054 support

Shiba Inu holds wedge support. An analyst lays out a 500% bounce path.

SHIB trades 93% below its 2021 ATH after a year-long slide. Source: NewsBTC.

Jonathan Carter sees a falling-wedge base that held through multiple tests. His chart flags a potential upside wave. Source: X post.

Bulls defend $0.0000054 as key support in his setup. Source: Bitcoinist.

• $0.0000068 as first hurdle. Source: NewsBTC.
• $0.000010 as psychological resistance. Source: Bitcoinist.
• $0.000013 as next resistance. Source: NewsBTC.
• $0.000016 as fourth target. Source: Bitcoinist.
• $0.000022 as the next major support, where resistance may intensify. Source: Bitcoinist.
• $0.000033 as the final target in the analyst’s map. Source: NewsBTC.

“Buyers are defending this established support zone as strength emerges from the consolidation phase,” Carter wrote. Source: X post.