Shiba Inu Poised for Bullish Breakout—$0.00004 Target Looms as Meme Coin Defies Gravity

Shiba Inu (SHIB) is flashing bullish signals that could send the meme coin soaring past $0.00004, according to analysts. After months of sideways action, the dog-themed token appears to be shaking off the crypto winter—much to the delight of bagholders and the dismay of Wall Street purists.

Technical indicators suggest a breakout is imminent, with SHIB testing key resistance levels. If it clears this hurdle, traders anticipate a swift run toward the psychologically significant $0.00004 mark—a level not seen since the 2021 meme coin mania.

Of course, in crypto-land, ’imminent’ could mean tomorrow or three fiscal quarters from now. But for now, the charts are speaking—and they’re barking bullish.

Shiba Inu Price Prediction | TradingViewShiba Inu Price Prediction | TradingView Following this peak, SHIB entered an extended bearish period lasting from November 1, 2021, to February 19, 2024. During this phase, the candlesticks became notably weaker, often displaying significant wicks, which Trader Mike interpreted as possible signs of market manipulation rather than purely organic selling pressure.  Importantly, he noted consistent buyer presence despite the overall decline. Building on this, he emphasized SHIB’s key resistance at $0.00003000, which he termed the "Trend Killer." Notably, SHIB has tested this level but has yet to achieve a clean break above it. Key Entry Points and Liquidity Targets Meanwhile, Trader Mike shared that he entered a SHIB position after a bullish daily candle close on April 9, 2025, when the token traded near $0.0000167.  From this position, he identified several projected liquidity zones, starting with a near-term target at $0.00004529, representing a 249% increase from his entry. Other critical targets include $0.00004595, $0.00005414, $0.00007526, and the $0.00008869 level last seen during the 2021 rally. Further Optimism in SHIB At the same time, further optimism emerged from another analyst known as Rose Premium Signals on X. This analyst observed that SHIB had broken out of a falling wedge pattern, a typical bullish signal.  https://twitter.com/VipRoseTr/status/1916858852949082157 Such breakouts often signal bullish reversals, and Rose Premium Signals identified potential price targets at $0.00001510, $0.00001850, $0.00002110, and $0.00002460 levels that would significantly exceed current prices. Futures Open Interest is Surging In addition to technical analysis, derivatives market data appears to reinforce the observed bullish signals. CoinGlass data shows that SHIB’s Futures Open Interest nearly doubled in April, rising from below $97 million to almost $190 million by April 27. 

Shiba Inu Futures Open Interest | CoinglassShiba Inu Futures Open Interest | Coinglass This surge in open interest occurred alongside SHIB’s price gains, often considered a positive sign. It typically indicates that new capital is entering the market through Leveraged long positions.