U.Today published an opinion article stating that Shiba Inu is currently trading at around $0.00002824, and if the double bottom pattern (famous for its "W" shape) plays out as hoped, we may see its price climb to $0.00003. This pattern is usually confirmed when the price rises above the resistance level that marks the top of the "W". For Shiba Inu, this resistance level is currently $0.000029, slightly higher than the recent high. If Shiba Inu can successfully break through this resistance level, it may pull it out of its recent price lows and prepare it for a major recovery.

However, for this bullish scenario to come true, Shiba Inu will not only need to break above this resistance level, but will also need to maintain momentum to confirm that the reversal is real. If Shiba Inu can sustain prices above the double bottom peak, the next target will be the $0.00003 resistance level. A break above this resistance level will likely attract more buyers, potentially fueling a stronger rally. However, if Shiba Inu is unable to maintain momentum and breaks below the double bottom support at $0.00001989, the likelihood of a strong reversal decreases. Such a move could indicate that the market is not ready for a rally and Shiba Inu could consolidate further or even see a decline before any possible uptrend emerges. Currently, Shiba Inu is in a consolidation pattern and it is too early to tell if there will be a bullish future.