Shiba Inu Tests Key Resistance At 60% Gain Potential

Shiba Inu, a popular meme coin, is currently showing signs of a potential bullish breakout. As of May 29, 2025, the coin is trading around $0.00001447, testing a key resistance level near $0.00001500. Many traders are optimistic that if SHIB manages to surpass this resistance, it could experience a significant upward surge.

The live SHIB/USD chart indicates that the coin is forming a healthy structure with higher lows, a flattening Relative Strength Index (RSI), and support from the 50-day moving average. These technical indicators suggest that strength is building up, which could lead to a breakout.

Technical analysis reveals that the current price of SHIB is $0.00001447, with key resistance at $0.00001500. Support levels are identified at $0.00001377 and $0.00001200. The next major target, according to the analysis, is $0.00002311, which is approximately 60% higher than the current price. The 50-day Simple Moving Average (SMA) is currently just below the price at $0.00001377, providing solid short-term support. The RSI is around 51.85, indicating a neutral zone that allows for upward movement without being overbought.

If SHIB gains momentum and breaks above the $0.00001500 resistance, the next logical target is near $0.00002311, which was the last major high from early 2025. This potential +60% rally from current levels could reignite the meme coin hype. According to the detailed Shiba Inu price prediction, SHIB remains in a consolidating bullish trend, and this quiet phase might just be the calm before the breakout.

With SHIB consolidating just below resistance and supported by both RSI and the 50-day SMA, the chart looks ready for a breakout. The key level to watch remains $0.00001500, and if this level is surpassed, $0.000023 could be reached much faster than expected. This is a pivotal moment for SHIB, whether traders are looking to capitalize on short-term gains or hold for the long run.