Shiba Inu (SHIB) Price Could Be Set for a “Massive Reversal” After Recent Downward Momentum: Rose Premium Signals

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.

Shiba Inu (SHIB) has been on a downtrend since December 2024, following a rally that saw the meme coin reach highs of $0.00003343. From these highs, the token tanked by over 65%, dropping to lows of $0.00001160 in February 2025.

However, as SHIB approached these lows, one prominent crypto analysis group has suggested that a rebound is on the horizon.

Shiba Inu ‘Massive Reversal’ Incoming?

Prominent crypto analysis group 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.”

DisCLaimer: This content is informational and does not constitute financial advice. The views expressed in this article are those of the author and do not necessarily reflect the opinions of CryptoSlate. We advise that you carry out thorough research before making any investment decisions.