SHIBA INU (SHIB) – BREAKOUT SIGNAL
Status: Potential Breakout Identified
Entry Price: $0.00001357
Trend: Bullish
Timeframe: Short-to-Mid Term
Technical Highlights
Breakout Alert: SHIB has broken above a key descending trendline, confirming bullish structure.
MACD: Bullish crossover detected – rising momentum.
RSI: 54.20 – neutral zone with room for upward movement.
Support Level: $0.00001250
Resistance Zones:
Short-Term: $0.00001500
Mid-Term Target: $0.00003000
On-Chain & Ecosystem Drivers
Token Burn: 280M+ SHIB tokens burned in the last 7 days, reducing supply.
Ecosystem Expansion: Shibarium growth and increased utility driving demand.
Risk & Sentiment
Volatility: Moderate (30-day: 4.52%)
Sentiment: Neutral to bullish
Fear & Greed Index: 54
Signal Summary
SHIB is showing early signs of a bullish breakout following a technical trendline breach and increased on-chain activity. A clean break above $0.00001500 with volume confirmation could trigger a rally toward $0.00003000.
Action: Watch for breakout confirmation above resistance. Tight stop-loss advised below $0.00001250.
Disclaimer: This is not financial advice. Always perform your own due diligence before trading.
