After several months of sideways movement, the price of Shiba Inu is showing new potential for growth today. The asset broke through the downward trend line that had been holding back its recovery since March. At the time of writing, the price of Shiba Inu was holding around $0.00001334, supported by both technical breakout signals and favorable on-chain flows.
On the daily chart, SHIB has finally overcome a key downward trend line that started from the swing high in February 2025. This breakout followed sustained accumulation near the support cluster of $0.00001100–$0.00001200. This movement turned previous resistance into support and triggered a resumption of the bullish trend.
Why is the price of Shiba Inu rising today?
The reason for the recent price increase lies in a combination of technical breakouts and confirmation on the blockchain. According to SHIB Spot Inflow/Outflow data, the net outflow on July 11 remained negative, with outflows exceeding $621,000. This indicates that investors are withdrawing SHIB from exchanges, reducing selling pressure and strengthening the bullish sentiment.
Indicators point to a bullish tilt with potential for growth.
If the price of Shiba Inu holds above the range of $0.00001320–$0.00001328, the next step could be testing the level of $0.00001380, followed by $0.00001480. A breakout of this zone opens the path to the March swing high around $0.00001600.
However, if the VWAP support is not held, the price could return to the 20-day EMA on the 4-hour chart around $0.00001256. This would still be considered a healthy pullback as long as the price remains above $0.00001200.
Considering the breakout of the trend line, bullish DMI, and supportive on-chain flows, the upward trend for SHIB remains, but traders should closely monitor intraday volume and VWAP stability.
