Rose Premium Signals asserts that Shiba Inu could be set for a “massive reversal” after recent downward momentum.
Over the past few weeks, the crypto market has taken a significant beating amid macroeconomic uncertainty, and leading doggy-themed meme coin Shiba Inu (SHIB) has not been spared. The token has tanked over 65% from December 2024 highs of $0.00003343 to, at one point, trade as low as $0.00001160 in February 2025.
Amid the rout, however, one prominent crypto analysis group has suggested that a rebound is in sight.
Shiba Inu “Massive Reversal” Incoming?
Rose Premium Signals has asserted that Shiba Inu could be set for a “massive reversal” after recent downward momentum.
The crypto analysis platform shared this view in a recent X post highlighting that the meme coin had cleanly retested a months-long support zone between $0.000015 and $0.000011. The token had bounced from this zone to its December 2024 high.
Rose Premium Signals also highlighted that the retest of this area could align with a potential breakout from a falling wedge formation, a bullish reversal chart pattern, printed by the meme coin’s weeks-long decline.
The analysis platform asserted that the potential reversal could take SHIB’s price to highs of $0.00002913, $0.00003612, and 0.00004401, representing gains of 77%, 119%, and 167%, respectively.
Interestingly, the recent prediction comes on the heels of a major development for the meme coin.
UAE Ties
Last week, the project’s ecosystem team disclosed a major partnership with the United Arab Emirates’ Ministry of Energy and Infrastructure to bolster efficiency and sustainability efforts, leveraging Shiba Inu’s Operating System (ShibOS).
Amid these developments, lead developer “Shytoshi Kusama” argues Shiba Inu has outgrown the meme coin classification and has now evolved into a “technology powerhouse.”
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