SHIB nears $0.00001300 resistance as analysts anticipate a breakout supported by rising volume.
Derivatives data show balanced sentiment, while whale accumulation signals growing market confidence.
Technical setup forms higher lows, suggesting potential continuation toward $0.00001450 and new highs.
Shiba Inu (SHIB) continues to display strength as price action approaches a breakout structure on the 4-hour chart. Trading near $0.00001295, SHIB has maintained higher lows after rebounding from $0.00001250. The chart structure now shows growing momentum near the $0.00001300 resistance zone, signaling a potential move toward new highs. Analysts and traders closely monitor this level as bullish activity strengthens across exchanges.
SHIB Approaches Breakout Level with Strengthening Volume
According to an analysis prepared by Shib Possessor, Shiba Inu is about to break out after consolidating within a tight range. The upper resistance near $0.00001300 remains the key price level that traders are watching for confirmation. The next important technical level is observed to be at around $0.00001450, the projected upward target.
https://twitter.com/SHIBpossessor/status/1975539174896980145
Trading volume has been rising steadily, and this supports the bullish formation developing on lower timeframes. The Relative Strength Index (RSI) is around 60 with balanced and rising momentum.
Market data from CoinMarketCap records SHIB’s market capitalization at $7.19 billion, with daily trading volume at $202 million. The total supply remains 589.55 trillion tokens, and network participation includes about 2.86 million holders, reflecting consistent community engagement.
Derivatives Data and Community Sentiment Point Toward Uptrend
Data from Coinglass shows SHIB’s derivatives volume at $195.18 million, with open interest at $190.40 million. The long-to-short ratio is 1.019 and this shows a close balance of sentiments between buyers and sellers. On OKX, the ratio rises to 2.77, showing growing long-side interest.
Crypto influencer SHIBCrowd stated, “I am confident $SHIB is on the way to delete another zero soon and it can happen very quickly.” This is in line with optimism in the market since whales have been reported to accumulate. On-chain data also reveals steady growth in active wallets and transaction counts, showing strong network participation.
SHIB’s compression pattern mirrors earlier market cycles that preceded major upward movements. With higher lows holding firm, the technical setup shows readiness for a bullish continuation. The traders are waiting to see a decisive shift towards the higher side of $0.00001300, which will open the path to new all time highs.
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