Technical analysis by HamadaMark about Symbol SHIB: Buy recommendation (5/10/2025)

HamadaMark

🐾 #SHIBUSDT Weekly Outlook — Mid-Cycle Reversal or Final Retest?🗓 Published: May 10, 2025📊 Timeframe: 1W | Exchange: BinanceAuthor: HamadaMark🔍 Market Structure OverviewSHIB has completed a multi-year macro compression phase and is currently retesting the mid-cycle support zone, holding above critical levels for now. The chart now reflects two scenarios merging:A descending macro channelA forming double bottom reversal near key historical demand📌 Observed Patterns:✅ Macro descending channel✅ Higher low structure vs. 2022–2023 base✅ Failed breakdown attempt below $0.00001073✅ Fibonacci levels and price memory still respected🟦 Key Support Levels:Main Support Zone: $0.00001103 – $0.00001073Last Defense / Panic Level: $0.00000535📛 Breakdown here = cycle invalidation, opens risk for full resetLower Historic Floor: $0.00000510 (cycle base)🎯 Bullish Reversal Targets (Fib-Based):TP1: $0.00001761 – Previous neckline zoneTP2: $0.00002828 – Channel midpoint / Fib 0.786TP3: $0.00004176 – Macro W-pattern measured moveTP4: $0.00005842 – Fib 1.618 (Breakout extension)TP5: $0.00008555 – 2.618 (2021 ATH retest territory)📈 Potential upside: +200% to +400% if structure holds🧠 Strategy Insight• Long-term buyers may DCA in the blue zone• Higher probability entries on reclaim of $0.000017–$0.000020• Full confirmation only if SHIB breaks above $0.00002828 with volume• Panic below $0.00000535 = invalidation of long-term accumulation thesis💡 SHIB has historically delivered explosive returns after long consolidations — the current zone mirrors past setups.🗣 What’s Next?If bulls hold $0.000011–$0.000015 and reclaim mid-range resistances, we enter the next cycle phase.A W-reversal is forming — neckline breakout will flip sentiment across the market.📢 This is SHIB's final test — hold the base, and meme season returns. Lose it, and lights go off for a while.we ask Allah reconcile and repay