SHIB Price Breakout: Bulls Take Charge While Bears Scramble to Keep Up
Shiba Inu (SHIB) is turning heads again. After months of market pressure and bearish sentiment, the popular memecoin has clawed its way back—surging 7% in the last 24 hours alone. And if the charts are anything to go by, this could be just the beginning.
The big question now? Can SHIB maintain this momentum and break through the next resistance zone? Spoiler alert: The indicators are lighting up green.
SHIB Defies the Drop—And Signals More Gains Ahead
Let’s rewind. At the time of writing, SHIB is trading at $0.00014—its highest price point since late March. And what’s more impressive? Bulls managed to push past a long-standing downtrend that had been acting like a lid on SHIB’s price action.
Multiple rejections off lower highs were the norm. But not anymore. Last week, SHIB officially broke out of its descending trendline, a technical move that changed the game.
This breakout wasn’t just symbolic. It prevented SHIB from dropping to a key horizontal support at $0.000010. If that had happened, bullish sentiment might have crumbled. Instead, we’re seeing higher highs… and technical indicators are lining up like dominos.
Money Flow and Momentum Are Bullish—Big Time
Check this: the Chaikin Money Flow (CMF) is now sitting at +0.21. For context, anything above zero suggests buyers are in control. But a reading above 0.2? That’s aggressive accumulation—and a strong sign that bulls aren’t just back; they’re in command.
And then there’s the Relative Strength Index (RSI)—firmly holding above the neutral 50 line. That’s bullish territory, plain and simple. If the RSI stays elevated, we could see SHIB test—and possibly shatter—the $0.000017 resistance in the coming sessions.
Price Prediction: SHIB’s Breakout May Just Be Warming Up
Let’s zoom out.
The Awesome Oscillator (AO) has also flipped bullish, pushing into positive territory. This is another major green flag. When the AO goes positive, it suggests momentum is shifting strongly in favor of the bulls.
Adding fuel to the fire? SHIB is now trading above the 20-day Exponential Moving Average (EMA)—a classic sign that short-term sentiment is bullish. When prices sit above the EMA, it often acts as dynamic support, pushing prices higher.
So, what’s next?
If this trend continues, SHIB could head toward $0.000019, aligning with the 0.618 Fibonacci retracement level—a key zone often associated with bullish continuation. The key to getting there? A clean breakout above $0.000015, which is within reach if buying pressure holds.
What If SHIB Fails to Break Out?
Of course, no analysis is complete without the downside scenario. If SHIB can’t push past that $0.000015 resistance, we may see a temporary pullback—possibly to the $0.000010 support zone. But given the current technicals, that seems less likely… unless broader market sentiment takes a sudden bearish turn.
Final Thoughts: Is SHIB Gearing Up for a Moonshot?
Let’s keep it real—SHIB is still speculative. But the current technical setup is looking undeniably bullish. If the broader market continues to recover, and SHIB breaks its next resistance levels, we could be looking at a run toward $0.000025 in the not-so-distant future.
Now’s the time to watch the charts closely. Because SHIB isn’t just barking—it might be ready to bite.
