The Shiba Inu price today is trading near $0.00001460, after a sharp 15% rally that broke above a multi-week descending trendline. After spending several sessions consolidating near the $0.0000123 level, SHIB surged on May 8–9, clearing a dense resistance band around $0.0000135. This Shiba Inu price update signals renewed buying interest following a prolonged correction phase.
The breakout was accompanied by a significant increase in volume, reinforcing the bullish bias. The Shiba Inu price has now reclaimed its 20/50/100/200 EMA cluster on the 4-hour chart, with all EMAs realigned in bullish order—a structurally healthy signal for near-term upside.
SHIB Price Action Tests Key Technical Barriers
Looking at the 4-hour and 30-minute timeframes, the Shiba Inu price action reveals a clean breakout from a falling wedge and inverse head-and-shoulders structure. Price has broken past trendline resistance near $0.00001365 and pushed toward the $0.00001460 zone, which aligns with April’s local highs.
The RSI on the 30-minute chart is climbing above 69, approaching o…
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