SHIB Price Prediction: Can Shiba Inu Overcome Key Resistance Levels?

#SHIB

• SHIB is testing key support at 20-day MA with bullish MACD crossover
• 75% volume surge and token burns create positive momentum
• $1 price would require unsustainable market cap growth

SHIB Price Prediction

SHIB Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst James, SHIB is currently trading at 0.00001028 USDT, slightly above its 20-day moving average of 0.00001021, indicating potential support. The MACD shows a bullish crossover with the histogram at -0.00000029, suggesting weakening downward momentum. Bollinger Bands show price testing the middle band, with room to move toward the upper band at 0.00001089.

SHIB Market Sentiment: Cautious Optimism Amid Challenges

BTCC financial analyst James notes mixed sentiment around SHIB. While Shibarium's struggles present headwinds, the 75% surge in trading volume and recent token burns have strengthened technicals. Price is testing critical support, with analysts eyeing a 25-35% upside if current levels hold.

Factors Influencing SHIB's Price

Shiba Inu Price Tests Critical Support Amid Shibarium Struggles

Shiba Inu's price hovers near the $0.0000095 support level as bearish sentiment engulfs the meme coin sector. The SHIB token currently trades at $0.00001018, reflecting a 1.14% daily decline amidst dwindling trading volume.

Shibarium, Shiba Inu's layer-2 solution, shows concerning metrics with its TVL collapsing to $883,449 from February's $6 million peak. The network's anemic $8,798 DEX volume underscores waning DeFi activity, challenging SHIB's utility narrative.

Shiba Inu’s Massive Trading Volume Surge: 75% Increase

Shiba Inu erased a key zero this week, rallying to $0.00001 after a 75% spike in daily trading volume. The meme token’s rebound validated swing trade strategies, delivering 5% weekly gains for traders who bought at five-zero levels.

Market patterns repeat: SHIB consistently deletes a zero within a month of touching $0.000009. This resilience temporarily boosted its market cap above $6 billion, though the token remains 38% down year-over-year.

The surge reflects renewed speculative interest, yet underscores SHIB’s volatility. Community optimism clashes with lingering skepticism as the asset struggles to regain its 2021 highs.

Shiba Inu Price Eyes 25–35% Upside as Technicals Strengthen After SHIB Token Burn

Shiba Inu price is poised for a bullish reversal as momentum builds following recent token burns. The meme coin has formed consecutive higher lows since its October 10 flash crash, reclaiming key moving averages and signaling potential upward movement.

A confirmed breakout above $0.00001129 could propel SHIB toward $0.00001250, representing a 20% gain, with further upside potential to $0.00001400. The project's latest burn removed 54.8 million tokens from circulation—a 76% weekly increase—though the market has yet to fully price in this supply reduction.

Technical indicators show strengthening momentum, with the price nearing a 7/20-day moving average crossover. Market participants are watching for sustained moves above current resistance levels to confirm the bullish thesis.

Will SHIB Price Hit 1?

While SHIB shows some bullish technicals, reaching $1 would require an unprecedented 97,000%+ rally from current levels. Key factors to watch:

As James notes, while 25-35% gains seem plausible near-term, $1 appears unrealistic without massive ecosystem growth.

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