Technical analysis by Wavervanir_International_LLC about Symbol SHIB on 4/30/2025

SHIBA INU (SHIB) appears to be forming a potential macro bullish reversal off key long-term support near 0.00001114, confirmed by a confluence with the 0.146 Fibonacci retracement level. The recent price action shows buyers stepping in at structurally significant levels after an extended drawdown, setting the stage for a measured leg higher.🔍 Technical Highlights:Fibonacci Levels: Price currently hovers around the 0.146 retracement zone, with key resistance targets at:0.00002393 (0.5 Fib)0.00003209 (0.886 Fib / previous major swing high)0.00004523 (1.618 extension)Volume & Structure: Historical consolidation zones from mid-2023 to early 2024 suggest strong accumulation interest, which aligns with the current bounce zone.Price Path Forecast: A Fibonacci-based stair-step rally could see SHIB revisiting:First target: 0.00002393 (potential minor pullback expected here)Second target: 0.00003209 (major confluence, key resistance)Final target zone: 0.00004523–0.00005000 (long-term breakout zone if trend continuation holds)🧠 Probability Outlook:Bullish Bias: 65% – Supported by structure, Fib alignment, and potential recovery waveBearish Breakdown: 25% – Below 0.00001114 invalidates bullish setupSideways Chop: 10% – Low volatility scenario before breakout📌 Risk Management Note:Traders should watch for weekly candle closes above 0.00001850 and volume confirmation to validate the move. Stops below 0.00001114 suggested for bullish entries.💬 Do you believe SHIB has the potential for a macro reversal? Drop your thoughts in the comments.#SHIB #Crypto #Altcoins #SHIBUSD #Fibonacci #TechnicalAnalysis #CryptoTrading #WaveTheory