Shiba Inu Rises Above Key Resistance Levels
Shiba Inu (SHIB) has made headlines once again by ending its prolonged bearish trend and surging past a crucial resistance level. With significant price action breaking a long-standing descending trendline, SHIB shows promising signs of a bullish rally. As of now, SHIB is trading at $0.0000079, reflecting an 8.5% price increase over the past 24 hours and capturing the attention of both investors and traders alike.
Trading Volume Soars Alongside Price
One of the key indicators of SHIB’s rally is the massive jump in trading volume, which has surged by 96% to $228.5 million during the same period. This increase highlights growing interest from the market, serving as a bullish signal for current and potential SHIB holders.
Experts in technical analysis noted that SHIB successfully broke out of a descending trendline that had capped its growth since September 2025. This breakout clears the path for further upward momentum, provided the token holds above its new support level of $0.00000763. Beyond this point, analysts predict SHIB could gain another 32%, potentially climbing toward $0.00001057 in the near future.
Technical Indicators Reinforce Bullish Outlook
Key technical indicators support the idea of a strong upward trend for SHIB. For instance, the Average Directional Index (ADX) currently sits at 27, surpassing the key threshold of 25 and signaling a strong trend momentum. On the other hand, Chaikin Money Flow (CMF) is reading at -0.12, indicating that capital outflows are slightly outweighing inflows—a point suggesting cautious but growing buying pressure.
Furthermore, derivatives data from platforms such as CoinGlass strengthens SHIB’s bullish outlook. Long-leveraged positions on SHIB vastly outweigh short-leveraged ones, with $1.11 million worth of long positions compared to $705.55K in shorts. This significant imbalance shows traders’ confidence in SHIB maintaining its bullish momentum.
Is Now the Time to Invest in SHIB?
For traders and cryptocurrency enthusiasts keen on capitalizing on SHIB’s bullish trend, now may be an opportune moment. However, it is crucial to watch the critical $0.00000763 support level. A breakdown below this level could invalidate the bullish setup and reverse SHIB’s path forward.
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In Conclusion
Shiba Inu’s breakout from a key resistance level has set the stage for potential significant gains in the coming days. With strong technical indicators, rising trading volumes, and a largely clear path upward, SHIB appears poised for a 32% rally. However, investors should remain cautious and closely monitor support levels to assess the strength of this bullish setup.
As always, remember that cryptocurrency investments carry inherent risks, and thorough research is essential before making any financial decisions.
