On Wednesday, popular dog-embossed meme coin Shiba Inu (SHIB) tacked on slight 2.5% gains to approach $0.000013, a critical resistance line unseen since May 3, 2025. If the four-day hiatus will come to an end today by SHIB price closing above this threshold, a further bounce back rally could be taking place.
Parabolic SAR Points To Shiba Inu Price Rally
Several on-chain signs have been pointing to increasing buying power. For instance, this is evident in the Parabolic Stop & Reverse (SAR) metric, depicted in the blue dots in the price chart below. If the dots are flashing below the hourly candlesticks while the underlying assetโs price is above the 200 EMA, this testifies that crypto bulls are regaining control.
As Shiba Inu (SHIB) price is trading slightly above the 200-day Exponential Moving Average (EMA) trendline, this could be great news combined with a growing trading volume. However, Shiba Inuโs Spot trading volumes kept around $121 million for the past 24 hours, signaling that retail isnโt back to trading the Japanese hunting dog crypto just yet.
Analyst Projects 500% Uphill Run For Shiba Inu
Itโs true that some key on-chain metrics like network growth and large transaction count are yet to turn into the bullish favor, but seasoned analysts dare to believe a 500% uphill ride for Shiba Inu (SHIB) is on the cards soon. For instance, crypto connoisseur Javon Marks explained that the $0.000081 target is still maintained due to the hidden bullish divergence.
With 37% of current Shiba Inu (SHIB) custodians making a profit with their crypto wallet holdings, Shiba Inu price might have to overcome a sell wall prior to putting the majority of holders back in the plus. In order to do that, Shiba Inu (SHIB) shall hop into the $0.000014 territory first.
The circle between $0.000014 & $0.000019 represents the massive resistance level of 541.76T tokens in question. Ultimately, this could be flipped into support or manifested into a massive sell wall – it all depends on crypto market sentiment, as well as upgrades within SHIBโs own Shibarium Layer-2 blockchain.
On The Flipside
- Trend strength-measuring on-chain metrics like the Balance Of Power (BOP) showcased negative value at publication time, hinting at market indecisiveness.
Why This Matters
Staying ahead of the effervescent market movements is a challenging task even for the most seasoned crypto traders. Aside from social sentiment, technical factors could deliver the edge needed to make reasonable investment decisions.
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