SHIB Nears Critical Breakout as Accumulation Surges: Bullish Momentum Builds
Shiba Inu (SHIB) is showing strong signs of a potential breakout as accumulation intensifies near key technical levels. The memecoin is currently testing resistance at its 200-day exponential moving average (EMA), a critical benchmark often monitored by traders for trend reversals or continuations. As of November 2025, SHIB is hovering around the $0.000007 price zone, which has acted as both support and resistance since October 2025. This level is now a focal point for market participants, with bullish momentum building as buyers step in to accumulate positions near recent lows. SHIB maintains its position as the second-largest memecoin by market capitalization, and its ability to break above the 200-day EMA could signal a new phase of upward momentum. Traders are closely watching for a confirmed breakout, which could open the door for further gains in the coming weeks.
Shiba Inu Nears Breakout Above Key Technical Level as Accumulation Intensifies
Shiba Inu's SHIB token shows signs of bullish momentum as buyers accumulate positions NEAR recent lows. The memecoin is testing resistance at its 200-day exponential moving average, a critical technical level often watched by traders.
Market participants are closely monitoring the $0.000007 price zone, which has served as both support and resistance since October 2025. SHIB maintains its position as the second-largest memecoin by market capitalization despite broader market volatility.
Analyst Foresees Potential 150% to 500% Rally for Shiba Inu
Shiba Inu is nearing a critical support level at $0.0000067, a zone that has historically signaled cycle lows for the meme coin. TradingView analyst Kledji Cuni suggests this could catalyze a bullish reversal, with upside targets ranging from 150% to 500%.
The pattern mirrors previous SHIB market cycles where this price floor acted as a springboard for parabolic moves. Traders are watching for confirmation of a bounce as the token tests this make-or-break level.
