$Price & Support/Resistance
$SHIB has rallied ~5–6% recently, trading ~0.0000134 (July 12). Key resistance levels are ~$0.0000138 and ~$0.0000148 (higher band of current range), roughly the 200-day SMA and prior supply zones. Major resistance above is near ~$0.0000160 (March highs). Support lies at ~$0.00001328 (intraday VWAP/4h support) and ~$0.00001256 (4h 20-EMA). A drop below ~$0.0000120 would signal a deeper retracement.
Technical (EMA/MACD/RSI)
Shiba’s chart is bullish. On the 4-hour time frame, price sits above all major EMAs (20/50/100/200 EMA cluster), and Bollinger Bands have expanded on the upside. Short-term RSI (30-min) cooled to ~52 after recent highs; it peaked above 64 earlier. MACD on 30-min is still flat-to-bullish (no bearish cross). The 4h chart’s Supertrend flipped green July 10, and DMI shows +DI above –DI with rising ADX, indicating a strong trend. Overall, momentum favors bulls, but extreme moves could occur if RSI climbs above 65–70.
Whale Activity
Shiba’s large-holder behavior is mixed. Recent data (CoinEdition) shows net outflows from exchanges (~$621K moved off-exchange on July 11), a bullish sign. No specific new whale transactions reported, though past analyses note some large SHIB holders have offloaded on spikes. For now, whale movement appears modest.
Social Sentiment
SHIB social activity has surged. Santiment reports a 126% rise in SHIB “social volume” over 24h (highest since January), driven by speculative buzz. Crypto Twitter is abuzz with talk of a bullish double-bottom pattern and a projected 110% rally to ~$0.000029. However, analysts caution multiple resistance tests may be needed. In summary, retail sentiment is very enthusiastic, mirroring Ethereum’s recent rally, but traders note volatility.
News/Events
No major protocol news. The uptick aligns with broader market (ETH up ~6%). Notably, CoinGape highlights a potential bullish double-bottom on the daily chart, suggesting $0.0000147 and $0.0000170 as important levels. Shib’s ecosystem (e.g. DAO launch, token burns) remains in background discourse, with Elon-related rumors boosting excitement.
Outlook (Short-Term)
If SHIB holds above the VWAP/EMA support band (~$0.00001320–$0.00001328), further gains toward $0.00001380 and $0.00001480 are likely. A break past $0.0000148 would open the March swing high ~$0.00001600. Conversely, failure below $0.00001328 (VWAP) could pull SHIB back to ~$0.00001256 (4h 20 EMA). Intraday RSI/MACD signals (e.g. RSI rebounds from ~50, or MACD cross on 1h/4h) could offer entry points. Given high social attention, volatile spikes (beyond technical targets) are possible if strong buys land.