Is crypto about to unleash its next biggest breakout? The Shiba Inu (SHIB) price chart is hinting

The Shiba Inu (SHIB) price chart is hinting at a 145% short squeeze rally, and the Hedera (HBAR) price prediction points to a powerful long-term climb

Shiba Inu (SHIB) price chart is hinting at a 145% short squeeze rally as the double bottom pattern comes into play.

Shiba Inu (SHIB) has caught the attention of crypto analysts with a potential 145% short squeeze rally in sight. As the double bottom pattern takes shape, signals are flashing for a triple-digit move.

Shiba Inu (SHIB) Price Chart: Double Bottom Pattern Points to 145% Rally

Technical analysis on TradingView shows Shiba Inu (SHIB) bouncing critically off long-term support around $0.0108. A clear double bottom pattern has formed, with the neckline on Point & Figure analysis set at $0.033, about 145% higher than current levels. The Relative Strength Index (RSI) is also turning upward from 35.8 to 43, indicating strengthening momentum.

Shiba Inu (SHIB) price chart showing double bottom and neckline

Shiba Inu (SHIB) Edges Up Despite Broader Crypto Market Risks

The RSI on the four-hour chart shows a divergence, suggesting that the oversold conditions are improving. As broader crypto market risks ease, traders are shifting focus to upside scenarios.

Shiba Inu (SHIB) price chart on 4-hour time frame showing RSI divergence

Shibarium Passes 1 Billion Transactions

Shiba Inu’s supply is also decreasing rapidly due to the massive burn rate, and Shibarium has crossed over 1 billion transactions. Together, these factors could lead to a substantial increase in Shiba Inu (SHIB) price if demand keeps rising.

Shiba Inu (SHIB) Could Trigger Short Squeeze With Rising Buying Pressure

Furthermore, if buying pressure continues, it could trigger a short squeeze, pushing prices even higher. Active SHIB wallets have now grown to over 1.5 million, fueling the potential for a breakout. However, if SHIB falls below the ascending trendline, it opens up possibilities for further downside risks.

Hedera (HBAR) Price Prediction: Technical Charts Show Cautious Optimism

In other news, the Hedera (HBAR) price prediction is still showing promise as technical charts indicate cautious optimism. HBAR is currently trading between $0.18 and $0.20, with analysts noting that a breakout above $0.20 could trigger the next bullish move.

On a higher timeframe, projections suggest that HBAR could reach $0.34 by 2025 and rise as high as $2.10 by 2030. The network’s unique Hashgraph technology, faster speeds, and expanding DeFi, NFT, and enterprise adoption are key factors driving these targets.

Nasdaq Applies for ETF That Holds HBAR

Moreover, there is more momentum building as Nasdaq has applied to list an ETF that holds HBAR, putting it in front of a wider institutional audience. The Hedera (HBAR) price prediction also factors in the increasing number of partnerships and enterprise use cases that could keep long-term demand elevated.

As HBAR consolidates and the broader market sentiment improves, traders will be closely observing for a confirmed breakout to build bigger positions before the next major rally unfolds.

The Final Take

In summary, the Shiba Inu (SHIB) price chart is setting up for a possible 145% surge, with a strong double bottom and growing momentum from Shibarium’s expansion. Meanwhile, the Hedera (HBAR) price prediction shows the network aiming for a long-term climb toward $2.10, boosted by enterprise growth and a potential ETF listing. Both SHIB and HBAR are showing promising setups.

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Shiba Inu (SHIB) Price Chart: Double Bottom Pattern Comes Into Play

Technical analysis on Point & Figure shows a clear double bottom pattern in Shiba Inu (SHIB), with the neckline set at $0.033, about 1