Shiba Inu at a Make-or-Break Moment: Can the Meme Coin Stage a Comeback?
Shiba Inu teeters on the edge—bullish momentum or another crypto cautionary tale?
The dog-themed token faces a critical resistance level. Break through, and it could rally hard. Fail, and it’s back to the doghouse.
Market watchers split on SHIB’s next move. Some see a classic ‘buy the dip’ opportunity. Others whisper ‘dead cat bounce’—because nothing dies harder than a meme coin dream.
Volume spikes suggest big players are circling. Retail traders? Still bag-holding from the last hype cycle. (Pro tip: hope isn’t a investment strategy.)
One thing’s certain: in crypto, even the underdogs get second acts—until the music stops.
Technical Milestone: $0.00001451 Level
According to TradingView data, after weeks of moving within a narrow range, Shiba Inu’s price has reached 200 EMA. SHIB is now testing the EMA barrier at $0.00001451, influenced by increased trading volume, price structure above the 50 and 100 EMAs, and RSI climbing to 72. The rise in Shiba Inu’s price is further supported by accumulated buying interest during months of consolidation and a recovery in the altcoin market.
Alongside individual investors, previously inactive whales are emerging through gradual purchases. The technical outlook suggests a sustained weekly close above 200 EMA is crucial to invalidating the “descending top” formation.
If the initial resistance breaks, buyers could transform the EMA barrier into new support. In such a case, SHIB’s price might gain momentum towards the $0.0000165 and $0.0000180 regions. Conversely, if the resistance holds, the long-standing horizontal congestion on the chart will reaffirm, and selling pressure might return.
Future Scenarios and Possible Targets for SHIB Coin
Bulls have a clear expectation: a substantial breakout above the 200 EMA will turn the trend in their favor. Such a breakout could strengthen purchase projections for the rest of the year, pushing the price to targets of $0.0000165 and $0.0000180. Although RSI nearing the overbought threshold may trigger short-term profit-taking, historically, SHIB has displayed rapid rallies following EMA breakouts.
On the other hand, a potential rejection could lead to retracements to around $0.00001350. Volume accumulated in this region and whale transactions will play a crucial role in determining the new direction. Investors emphasize that the upcoming candles will set the course, with volume-based confirmation being critical.
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