#SHIBUSDT is losing momentum after facing a strong rejection at the key resistance level of $0.000020. Now, all eyes are on the demand zone between $0.00001550- $0.00001680. If the price holds and rebounds here, it could gather the momentum needed to retest and possibly break out above that $0.000029 resistance. If successful, this would signal a return to a bullish structure, with a high probability of reaching our next target.

#SHIBUSDT has recently broken out of a Descending Broadening Wedge Formation on the 4H chart, a pattern that historically signals potential bullish reversals. This breakout was strong, but the price has now hit a critical Supply Zone between 0.00001530 – 0.00001650, and has already shown signs of rejection from this area.

The structure shows #SHIB facing Strong Resistance just below 0.00001711—a level that acts as Bearish Setup Invalidation. If the price closes decisively above this zone, bears will lose control, and we could see a sharp squeeze up toward 0.00001900.

However, the more probable scenario for now is a retest and rejection from the supply zone, followed by a deeper pullback. Based on volume profile and historical price behavior, the Support Zone around 0.00001181 is a key level to watch for a possible bounce. If this level is lost, SHIB could fall to sweep the swing low (SH) at 0.00001081 to complete a liquidity grab before resuming any bullish trend.

#SHIBUSDT Shiba Inu is now starting a new rise similar to early 2024, February, but much stronger much stronger. The structure of the chart is quite revealing and leaves no room for doubts. SHIBUSDT is bullish now.