Shiba Inu (SHIB) has recently shown bullish momentum, breaking out of a descending trendline and reclaiming some key moving averages. Here's a brief overview of its current support and resistance levels:
Current Landscape (as of mid-July 2025):
* Recent Breakout: SHIB has recently broken above resistance levels around $0.00001280 - $0.00001300, which are now acting as support.
* Current Price Action: SHIB has been trading around $0.000015 with some volatility.
Key Support Levels:
* Immediate Support: Around $0.000014 - $0.0000145 (where previous resistance has flipped to support, and some moving averages like the 20-day, 50-day, and 100-day EMAs are converging).
* Stronger Support: If the immediate support fails, levels around $0.00001200 - $0.00001280 are considered significant historical support zones.
* Critical Support: The $0.000010 - $0.000011 range is a crucial psychological and historical support, representing a strong buy wall.
Key Resistance Levels:
* Immediate Resistance: SHIB is currently facing resistance in the $0.0000155 - $0.000016 range.
* Next Significant Resistance: A break and sustained hold above $0.000017 - $0.0000175 would be a very bullish signal and could pave the way for further upward movement.
* Higher Resistance Targets: If the bullish momentum continues, targets around $0.0000185, $0.00002, and potentially even $0.000029 - $0.000033 are being discussed by analysts.
Important Considerations:
* RSI: The Relative Strength Index (RSI) has been in overbought territory (around 78), suggesting a potential for a short-term pullback to cool down before a healthier rally.
* 200-day EMA: The 200-day Exponential Moving Average (EMA) around $0.0000145 - $0.0000147 is a critical level. A sustained break above it would confirm a long-term trend reversal from bearish to bullish.
* Volume and Whale Activity: Increased trading volume and whale accumulation have been observed, which generally support bullish movements.
