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SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying

Shiba Inu (SHIB) surged nearly 7% in the past 24 hours, breaking through key resistance as bulls piled in on heightened volume. The meme coin, often dubbed the "Dogecoin killer," saw renewed momentum as market sentiment shifted risk-on, pushing SHIB above the $0.000025 level.

Traders pointed to a combination of whale accumulation and retail enthusiasm as the primary drivers behind the move. According to on-chain data, SHIB's transaction volume spiked alongside a rise in active addresses, signaling broad-based participation.

“This breakout was brewing,” said a crypto analyst on X (formerly Twitter). “Once SHIB cleared its overhead resistance, the rally accelerated on heavy buying pressure.”

The rally comes amid a wider uptick in altcoins, with investors looking for high-beta plays as Bitcoin consolidates. With SHIB's next resistance near $0.0000275, bulls are eyeing further upside—though some warn of possible pullbacks if volume fades.

Still, with social buzz on the rise and technicals leaning bullish, SHIB appears to be back on traders’ radar.$SHIB