Shiba Inu Breaks Key Resistance, Trades 5% Higher

Shiba Inu ($SHIB) has recently broken above a key resistance level, trading above $0.000015. This breakout, supported by strong volume and increased whale activity, has shifted the daily chart structure to bullish and triggered the asset’s strongest rally since February 2025. The breakout above the descending trendline around $0.00001100 was followed by several strong green candles, with SHIB currently trading at $0.00001501. The increased trade volume and regular higher highs and higher lows imply a bullish market structure. The 200-day Simple Moving Average (SMA), which had served as dynamic resistance near $0.0000147, has now been surpassed, adding to the bullish case.

On-chain activity has shown increased participation by large holders. Over the last 48 hours, whale wallet transactions have spiked, and historical data shows this often precedes upward price movements. SHIB is currently facing resistance in the $0.0000155–$0.000016 range. According to an observation by BitGeorge, a confirmed break above $0.0000175 may trigger a larger rally. If this level is cleared, SHIB could target $0.00002 and possibly $0.000029 in the near term. Volume continues to climb, and data shows a 126% rise in social discussions surrounding SHIB in the past day. This surge in interest, alongside Ethereum’s upward movement, has provided favorable conditions for meme coins on the Ethereum network.

Technical indicators like RSI also have an upward trend indicating a buying strength with values above 50. The rally should be able to sustain the momentum as long as these metrics are intact in the sessions to come. The Shiba Inu community is voicing optimism following updates from the official X account, confirming that the token has broken out of a long-term downtrend, establishing stronger support at the $0.000015 mark. Key indicators now paint a bullish picture for SHIB: the breach of downtrend resistance, increasing volume and momentum, whale accumulation trends, and the structural shift towards a more positive outlook.

With the current rally marking the most robust growth for SHIB since February, there is speculation that a sustained move could propel SHIB to reclaim the $0.000017 mark, which could pave the way for a test of the elusive $0.00002 level. Lucie, Shiba Inu’s marketing lead, recently expressed deep enthusiasm for the potential associated with the Shytoshi AI paper. She highlighted the notion that this moment could represent a pivotal transition, dubbing it the beginning of a new narrative: 'SHIB CITY: The AI Utopia.' This sentiment hints that SHIB may be emerging as more than just a meme coin but rather evolving into a space of utility and cultural significance.