๐๐ก๐ข๐๐ ๐๐ง๐ฎ ๐๐จ๐ฉ๐ฌ ๐% ๐๐จ $๐.๐๐๐๐๐๐๐๐ โ ๐๐๐ง ๐๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐ ๐๐จ๐ ๐๐๐จ๐ข๐ง ๐๐๐ฑ๐ญ?
๐ SHIB Surges 9% to $0.00001377 Breaking Out Against Bitcoin!
Shiba Inu (SHIB) price just jumped 9% in the last 24h, hitting its highest level since mid-June. The rally helped SHIB break above its key 50-day moving average near $0.00001242 โ an early bullish sign traders watch for trend shifts.
๐ Whatโs driving the rally?
โ Massive institutional volume spike โ over 1.25 trillion SHIB traded in one hour, nearly triple the daily average.
โ SHIB/BTC pair broke a triangle pattern, ending months of sideways moves.
โ Stronger Bitcoin pushed meme coins higher, and SHIB exaggerated BTCโs move โ classic meme coin behavior.
โ ๏ธ But thereโs a catch...
๐น Against Dogecoin, SHIB is still weak. The SHIB/DOGE pair broke a key trendline, showing DOGE still has the upper hand.
๐น RSI (Relative Strength Index) now sits near 66 โ close to overbought. If it pushes above 70, traders might take profits, causing a pullback.
๐ Key levels traders should watch:
Resistance: $0.00001420 short-term, then bigger target near $0.000025.
Support: $0.00001300, then stronger at $0.00001 (psychological level).
If SHIB holds above $0.00001300, bulls could push for $0.00001420 and even $0.000025 later. But if RSI overheats and momentum cools, a quick drop to $0.00001200โ$0.00001000 could follow before the next leg up.
๐ What traders can do next:
Short-term: Watch RSI and volume; if RSI stays below 70 and volume grows, rally may continue.
Mid-term: Hold above $0.00001300 = bullish bias stays alive.
Long-term: Break above $0.000025 would flip bigger trend bullish and target new highs.
๐ Bottom line: SHIB finally broke out vs Bitcoin, but DOGE is still ahead. As long as SHIB holds above support, bulls remain in control โ just watch for RSI cooling off.