- Shiba Inu nears key breakout level as trading volume surges.
- Bulls aim to reclaim momentum while bears defend crucial resistance.
- Rising volatility signals possible shift in SHIB’s long-term market direction.
According to recent market analysis shared on TradingView, Shiba Inu (SHIB) appears to be approaching a decisive moment as traders anticipate a potential breakout. After several weeks of muted movement and shrinking volatility, the meme token is showing signs of renewed momentum with rising trading activity.
Currently, SHIB has bounced from its ascending trendline near the $0.0000120 level and is moving toward the $0.0000135 zone. This area aligns with both the upper boundary of a symmetrical triangle and the 100-day exponential moving average, which has acted as a strong resistance barrier in recent months. Market observers note that this confluence makes it a key technical point for determining SHIB’s next direction.
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Rising Volume Signals Potential Market Shift
Volume levels, which often confirm breakout strength, have started increasing significantly. This surge suggests that larger traders or institutions might be positioning for a major move. Historically, similar spikes in trading activity have preceded sharp price movements in either direction for Shiba Inu.
If SHIB manages to break and hold above the $0.0000135 mark, analysts expect a possible continuation toward $0.0000140 and even $0.0000150. Such a move would signal a shift in momentum, potentially ending the months-long downward phase that has persisted since mid-summer. However, the bulls must maintain pressure, as repeated rejections at the 100 EMA have previously reversed upward attempts.
Conversely, failure to defend the $0.0000125 to $0.0000120 support range could trigger renewed selling pressure. A decline below these levels might push the token back toward $0.0000115, re-establishing the bearish sentiment and resuming the gradual downtrend.
Analyst Perspective on Shiba Inu’s Technical Setup
Technical indicators remain balanced, with the Relative Strength Index hovering around 55, showing room for further upside before overbought conditions emerge. Market analysts emphasize that the coming sessions will be critical, as daily closes around the resistance zone could confirm the next market phase.
A decisive breakout could revive optimism among investors, while another rejection might extend the ongoing consolidation. With volatility expected to rise, the next few days may define whether Shiba Inu begins a sustained recovery or remains stuck in its tightening range.
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