Shiba Inu Breaks Crucial Resistance – Is a 32% Rally for SHIB on the Horizon?

Shiba Inu (SHIB) has recently broken free from a lengthy bearish trend by surpassing a significant resistance level. Currently valued at $0.0000079 with an 8.5% increase over the last 24 hours, SHIB's rising trading volume reflects an uptick in investor interest. Technical analysis indicates potential for further price gains, provided it holds above specific support levels.

Key Takeaways

SHIB has broken a key resistance level, trading at $0.0000079, up 8.5% in 24 hours.
Trading volume surged 96% to $228.5 million, signaling strong investor interest.
Successfully exceeding a descending trendline points toward bullish potential.
Holding above $0.00000763 could lead to a price target of $0.00001057, representing a 32% increase.
Traders show a bullish sentiment with significant long-leveraged positions.

Shiba Inu

Shiba Inu Price Action and Technical Analysis

The recent surge in SHIB's price can be attributed to its technical movements. As per the latest analysis, SHIB has broken a descending trendline on the daily chart that had been limiting its price since September 2025.

This breakout signals a clear path upward, with no immediate obstacles visible on the chart.

Shiba Inu (SHIB) Price Action Source: TradingView

If SHIB can maintain its position above the $0.00000763 mark, it may jump another 32% to reach around $0.00001057 in the next few days. However, this bullish scenario hinges on the price staying above the crucial $0.00000763; a fall below this level would negate the favorable outlook.

Additional technical indicators provide further insights. Currently, the Average Directional Index (ADX) stands at 27, indicating a strong trend as it surpasses the critical threshold of 25. At the same time, the Chaikin Money Flow (CMF) is at -0.12, suggesting that capital outflows slightly overshadow capital inflows, resulting in a cautious buying environment.

Traders Eye Long-Leveraged Positions

In addition to price and technical trends, data from CoinGlass indicates a robust bullish sentiment toward SHIB in the derivatives market.

Recent analytics reveal that day traders are heavily leveraging positions between $0.0000078 and $0.00000844. At these price levels, traders have amassed approximately $1.11 million in long positions compared to $705.55K in short positions.

SHIB Exchange Liquidation Map Source: CoinGlass

This discrepancy illustrates a bullish trend for Shiba Inu, indicating that traders do not foresee a drop below the $0.0000078 level in the near term.

Final Thoughts

In summary, Shiba Inu is currently experiencing heightened trading activity and technical breakthroughs, positioning itself for potential price increases. As traders maintain optimism around SHIB, its ability to hold critical support levels will be vital for sustaining this upward momentum.