<ul data-eligibleForWebStory="true">Shiba Inu is showing signs of a bullish reversal with a double bottom pattern forming on the daily chart.The price rebounded from a 16-month low of $0.00001004 and is near a key support level.Analysts anticipate a 62% rally if Shiba Inu holds support around $0.00001030.Shiba Inu forms a double bottom pattern, indicating a potential price rebound.The recent bounce mirrors previous patterns, with market optimism increasing.Large holders have reduced SHIB holdings by 80%, suggesting shifting market dynamics.Shiba Inu open futures interest dropped to $122.97 million, reflecting conservative trading.Despite these shifts, a bullish reversal is possible if support is maintained.Shiba Inu's ecosystem team remains confident, focusing on long-term growth.Investors are advised to monitor the $0.00001030 support level for potential gains.If the support holds, Shiba Inu could rise to $0.00001752.The asset's resilience in recent months adds to the positive outlook.Market conditions, though volatile, show signs of strength for Shiba Inu.The team's commitment to growth and positive sentiment underpins future prospects.Shiba Inu is currently trading at $0.00001081, poised for a potential increase.An actual breakout could lead to retesting the May high at $0.00001765.