Massive SHIB Breakout Incoming? Analysts Eye Key Price Levels!
Shiba Inu is coiling up like a spring, primed for a breakout that could shake the crypto space. Analysts are watching closely as this meme coin flirts with a major resistance zone. The big question—will SHIB bulls seize control and send prices soaring, or are we looking at a sudden pullback? Let’s break it down.
Shiba Inu Price Analysis: Bulls Gearing Up?
Crypto analyst CryptoWizard101 has been tracking SHIB’s price movements, and the charts are flashing bullish signals.
“Shiba Inu hit our target of 0.000015 before pulling back to 0.000014,” CryptoWizard101 said. “It looks ready for another leg up. If the overall market turns bullish, SHIB could rocket to 0.000017.”
Translation? If Bitcoin and the broader market push higher, SHIB could be on the verge of smashing through the 0.000017 resistance level, setting the stage for a bigger move.
Warning: Supply Zone Resistance Could Trigger a Pullback
Not so fast! Another analyst, Marcus Corvinus, warns that SHIB faces a strong Supply Zone between 0.00001530 and 0.00001650—a level that could stall the rally.
“$SHIB has broken out, but the fight isn’t over,” he explained. “It’s now wrestling with a major supply zone. If it fails here, we could see a deeper correction—watch 0.00001181 for a potential bounce or 0.00001081 for a liquidity sweep.”
This means if SHIB gets rejected at this resistance, we could see a sharp drop to 0.00001181 or even a stop-loss-triggering liquidity sweep at 0.00001081.
Bullish Breakout? SHIB Could Squeeze to 0.000019
Despite the risks, if SHIB can smash through 0.00001711, things could get wild. Why? Because a breakout above this level could trigger a massive short squeeze, forcing bearish traders to cover their positions—driving SHIB straight to 0.00001900.
“If bulls break through 0.00001711, expect a violent squeeze toward 0.000019,” Corvinus said.
Translation: If this key resistance cracks, expect a FOMO-driven rally that could send SHIB surging.
SHIB Trading Strategy: Key Levels to Watch
SHIB is at a make-or-break point, and here’s what traders need to keep an eye on:
🔥 Resistance 1: 0.00001530 – 0.00001650 (Major Supply Zone—Could Trigger a Rejection)
🚀 Resistance 2: 0.00001711 (Breakout Level—Could Send SHIB to 0.000019)
🛑 Support 1: 0.00001181 (Bounce Zone—Buyers Might Step In)
💥 Support 2: 0.00001081 (Liquidity Sweep—Potential Fakeout Before a Move Up)
As of 7:31 a.m. ET on Friday, Shiba Inu is trading at $0.00001320, up 4.71% over the past seven days, with a 24-hour trading volume of $257.73 million, according to CoinMarketCap.
Final Thoughts: Is SHIB About to Explode?
Shiba Inu is teetering on the edge of a breakout, but resistance levels will decide its fate. If bulls power through the supply zone, we could see a rapid move to 0.000019. But if SHIB gets rejected, brace for a possible retest of 0.00001181 or lower.
Traders, keep your eyes on these key levels. This next move could be massive! 🚀
