SHIB tokens are surging as technical signals align with a potential rally. The meme coin broke out of two descending trendlines and is currently trading near $0.00001373, up 2.21% in the last 24 hours. Analysts predict a potential 124% rally from here, targeting $0.00003. The SHIB price support zone between $0.0000126 and $0.0000128 remains intact, giving bulls a strong base. Despite hacker-driven selling pressure involving 150 billion tokens, indicators suggest a Shiba Inu bullish trend may continue. The battle between upward momentum and resistance at $0.0000145 will define the next major SHIB move.
SHIB Bulls Break Trendlines With Technical Momentum Building
The recent breakout above two long-term trendlines marks a turning point for SHIB tokens. The first trendline formed in March 2024, capping rallies until a December breakout pushed SHIB to $0.000031. In April 2025, SHIB broke a second resistance trendline, and the price has since rebounded 12% from SHIB price support. Indicators like RSI and the WaveTrend Oscillator point to early bullish reversal signs, supported by growing trading volume. Daily tokens burned have also spiked by over 1,500%, further strengthening tokenomics. Analysts now watch the SHIB key resistance level near $0.0000145, which, if cleared, could trigger rapid upside momentum.
SHIB Volume Spikes As Bulls Target Fibonacci Level Breakout
SHIB tokens saw daily trading volume climb to $220.37 million, a 15.32% increase, while market cap rose to $8.09 billion. Technicals show rising support with the 14-day RSI sitting at 64.47, leaving room for further growth before entering overbought conditions. Analysts have set upside targets at $0.00001795 by April 29 and $0.00003039 by May 1. These targets represent a 124% gain from current prices.
Chart 1 – SHIB/USD Live Price, published on TradingView, April 29, 2025.
Meanwhile, Shiba Inu key resistance level lies between $0.0000142 and $0.0000145. A successful breakout from this zone could validate the SHIB bullish trend and send tokens soaring. However, if selling resumes, the price may retest the SHIB price support around $0.0000126. Despite uncertainty from recent hacker dumps, SHIB maintains an upward structure with higher lows and strong on-chain signals, bolstered by Shibarium adoption and a growing holder base.
SHIB Token Remains Strong Despite Hacker Concerns
The recent dump of 150 billion tokens by hackers adds risk, but market reaction has been surprisingly resilient. Over 1,050 ETH from the exploit was funneled through TornadoCash, while hackers still control $25.5 million in crypto. Despite this, tokens continue to attract interest as daily burns and Shibarium activity grow. Shiba Inu key resistance level remains firm, but sustained volume and the current SHIB bullish trend offer buyers some hope. Analysts emphasize the importance of holding Shiba Inu price support, especially if broader crypto sentiment weakens in the coming sessions.
What’s Next: Can Shiba Inu Sustain Momentum or Revisit Support Zones?
SHIB tokens must now overcome the $0.0000145 resistance to maintain the rally. A breakout here would likely push SHIB toward $0.000018 and possibly $0.00003 by early May. Failure, however, could see the token retest Shiba Inu price support near $0.0000128. With the Shiba Inu bullish trend still intact and fundamentals improving, a sustained move above the SHIB key resistance level could mark the start of a new leg higher. For now, SHIB tokens remain in focus, riding momentum, burn mechanics, and ecosystem growth. Discover if the meme coin can finally reclaim its explosive potential in May 2025.
The post Shiba Inu Market Cap Hits $8.09B While Traders Eye $0.0000145 Resistance Breakout appeared first on Coinfomania.
