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Shiba Inu forms bullish setup hinting at price rise but faces strong resistance at $0.0000122

Technical Signals
19 Sep 2026
UToday
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Bullish
Shiba Inu forms bullish setup hinting at price rise but faces strong resistance at $0.0000122

Shiba Inu (SHIB) has developed a rare bullish combination on its weekly chart, signaling potential for a price increase that could remove a zero from its value. This setup is supported by a bullish RSI divergence indicating seller exhaustion and a local price bottom around $0.00000547. However, the main challenge remains the strong resistance at the 200-week moving average near $0.0000122, which must be broken for a sustained uptrend. Investors should watch for a breakout above this level to confirm a full bullish reversal; otherwise, the current gains may only be temporary.

Shiba Inu (SHIB) shows a modest gain on Pluang, rising 2.06% to Rp0,0988 as of Sep 20, 2026 00:01 WIB. Despite the bullish chart setup noted in the article, most Pluang traders are currently selling, with 82% of order activity on the sell side at this time.

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