SHIB breaks key resistance and 200-day SMA, confirming a bullish trend reversal on the daily chart.
Whale activity and rising volume support SHIB’s rally, with eyes on $0.0000175 as the next breakout level.
RSI remains above 50 and social engagement is up 126%, signaling sustained momentum and trader interest.
After months of consolidation and downward pressure, Shiba Inu ($SHIB) has broken above a key descending resistance line and is now trading above $0.000015. This breakout, supported by strong volume and increased whale activity, has shifted the daily chart structure to bullish and triggered the asset's strongest rally since February 2025.
Bullish Breakout and Momentum Shift
Shiba Inu’s price action on the daily chart has confirmed a trend reversal. The breakout above the descending trendline around $0.00001100 was followed by several strong green candles. As of writing, SHIB is trading at $0.00001501.
https://twitter.com/ShibainuCoin/status/1946060911795453962
The breakout has been supported by increased trade volume and regular higher highs and higher lows which imply a bullish market structure. The 200-day Simple Moving Average (SMA), which had served as dynamic resistance near $0.0000147, has now been surpassed. Price now sits above it, adding to the bullish case.
Additionally, on-chain activity has shown increased participation by large holders. Over the last 48 hours, whale wallet transactions have spiked, and historical data shows this often precedes upward price movements.
Key Resistance and Next Targets
SHIB is currently facing resistance in the $0.0000155–$0.000016 range. According to an observation by BitGeorge, a confirmed break above $0.0000175 may trigger a larger rally. If this level is cleared, SHIB could target $0.00002 and possibly $0.000029 in the near term.
Volume continues to climb, and data from Santiment shows a 126% rise in social discussions surrounding SHIB in the past day. This surge in interest, alongside Ethereum’s upward movement, has provided favorable conditions for meme coins on the Ethereum network.
Technical indicators like RSI also have an upward trend indicating a buying strength with values above 50. The rally should be able to sustain the momentum as long as these metrics are intact in the sessions to come.
The post Shiba Inu Breaks Above $0.000015 With Strong Whale Activity and Volume, Here’s What Analysts Are Watching Next appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
