SHIB breaks above the $0.00001280 trendline with strong volume, turning resistance into short-term support.
MACD shows bullish divergence and RSI at 45, signaling momentum with room for further upside.
Analysts eye $0.00001500 target as SHIB builds momentum and may soon gain +$0.0001 from current levels.
Shiba Inu (SHIB) has continued to build strong price action, showing increasing signs of a bullish move. With rising volume, a confirmed trendline breakout, and a bullish divergence on the MACD, SHIB may be preparing for a strong upward surge. Analysts suggest the token could add +$0.0001 very soon.
Rising Price, Volume, and Breakout Confirmation
Shiba Inu is currently trading near $0.00001288 after gaining more than 2.6% in 24 hours. Trading volume rose by over 10%, reaching $150.7 million. Market capitalization also increased to $7.15 billion, matching its fully diluted valuation. The steady rise in both price and volume shows renewed interest in SHIB.
https://twitter.com/ShibSpain/status/1942728635971969197
According to an analysis prepared by Shib Knight, SHIB has broken above a descending trendline. The breakout occurred at around $0.00001280 and was followed by steady buying. A strong hourly candle closed above this level, confirming resistance has turned into support. The zone between $0.00001288 and $0.00001289 now acts as a short-term pivot area.
SHIB’s price action between 2:00 PM and 4:00 PM showed a sharp increase, helping the token reclaim momentum. Trading charts reflected healthy candle structures, and bids around the breakout zone confirmed strength in buyer interest.
Bullish Indicators Support Higher Targets
The MACD indicator is showing a bullish divergence across multiple timeframes. According to an observation by crypto analysts, SHIB’s price has created a bottoming structure around $0.0000118, with support forming near $0.00001600. MACD histogram bars are now flipping green, showing bullish momentum is returning.
The Relative Strength Index (RSI) is around 45, meaning the token has room to move up before being overbought. As volume builds, the thin liquidity conditions could allow prices to rise sharply if demand increases.
If SHIB maintains this momentum and holds above the 26 EMA, analysts expect a rally toward $0.00001500 and beyond. According to analysts, if buying pressure continues, SHIB may soon approach +$0.0001 above its current price level.
The post SHIB Confirms Trendline Breakout Above $0.00001280 With Volume Rising, Here’s the Next Target appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
