- SHIB has broken out from a descending trendline and confirmed a bullish inverted head and shoulders pattern, signaling potential for a major move up.
- If price closes above $0.0000138, analysts predict a possible 45% rally toward the $0.000020 mark, backed by growing trading volume and RSI strength.
- Leverage is stacking up, with bulls dominating the market—over $1M in long positions suggest traders are betting on continued upside momentum.
Shiba Inu (SHIB), everyone’s favorite dog-themed crypto darling, is making some noise again. After a rough patch, the meme coin is now flashing signs of life, riding a fresh wave of bullish momentum. And honestly? It’s got traders perking up.
Breakout Confirmed – Is SHIB Ready to Rip?
Lately, SHIB’s been teasing a turnaround—and now it’s official. The price busted out of a descending trendline (which had been acting like a stubborn ceiling), and even better, it’s confirmed a breakout from that classic bullish inverted head and shoulders pattern. For the uninitiated, that’s a technical setup that often leads to solid upside.
According to some TA folks over at CoinPedia, if SHIB can close a daily candle above $0.0000138, there’s a shot it could rocket up another 45%—yep, all the way to around $0.000020. That’s a pretty big move, but hey, meme coins don’t do subtle.
Still Below the 200 EMA… But Momentum’s Brewing
Now, here’s the catch. Even with the bullish breakout, SHIB is still chilling below its 200-day Exponential Moving Average (EMA), which technically keeps it in a longer-term downtrend. But the vibe is shifting.
The Relative Strength Index (RSI) is hovering around 55—not too hot, not too cold—which basically means SHIB’s got room to run without being overbought. Not bad, considering where it’s coming from.
Current Price & Volume? Picking Up Steam
At the moment, SHIB is trading around $0.0000139, up just over 2% in the last 24 hours. Nothing insane, but it’s something. What’s more interesting is that trading volume also ticked up 6%—a sign that folks are paying attention again.
Bulls in the Driver’s Seat?
According to on-chain data from Coinglass, there’s some serious bullish energy going around. Traders are stacking long positions at $0.0000132 and $0.00001413, with over $1 million in longs built up. Shorts? Only around $270K.
That kind of leverage imbalance usually means bulls are feeling confident—or maybe a little reckless. Either way, if SHIB can keep climbing without getting rejected, this momentum might actually stick.
