Shiba Inu Price Poised for 22.5% Upside Breakout

Shiba Inu (SHIB), a prominent memecoin in the cryptocurrency market, has recently shown signs of renewed strength after weeks of consolidation and sideways movement. The price action of SHIB has begun to shift upward, attracting the attention of traders and investors. With bullish technical indicators aligning and key resistance levels being tested, the price of Shiba Inu could be on the brink of a significant breakout.

The daily chart of SHIB/USD as of July 13, 2025, indicates a potential breakout. SHIB is trading at $0.00001322, holding just above the key support level of $0.00001300. The growing buying pressure and technical confirmation suggest that the memecoin could rally higher in the coming days.

The Heikin Ashi daily candles clearly show a bullish trend reversal beginning late June. Consecutive green candles with minimal lower shadows indicate strong bullish control. SHIB price recently reclaimed the $0.00001250–$0.00001300 consolidation zone and has since tested the $0.00001325 resistance, forming a mini bull flag just below the Fib resistance zone.

The Fibonacci retracement levels drawn from the previous swing high to low place the next resistance targets at $0.00001325, $0.00001450, and $0.00001620. A daily close above $0.00001325 would trigger a breakout confirmation toward $0.00001450 and potentially $0.00001620, representing approximately 9.7% and 22.5% upside, respectively.

The Relative Strength Index (RSI) is currently at 65.06, approaching the overbought zone but not there yet. This signals strong momentum without exhaustion. Notably, the RSI crossed above the 14-day average line last week and continues to trend higher, suggesting the current rally has more room to run.

If Shiba Inu price breaks the $0.00001325 resistance and rallies to $0.00001620, the upside would be approximately 22.5%. This aligns with the Fibonacci 0.618 level, a common profit-taking zone during retracements.

If SHIB price fails to break $0.00001325, the support levels to watch are $0.00001280 and $0.00001200. A breakdown below $0.00001200 would invalidate the bullish structure and put $0.00001050 back in play. However, given the recent volume surge and RSI strength, the bearish case looks weaker for now.

If Shiba Inu price holds above $0.00001300 in the next few daily sessions, the short-term target is $0.00001450, and the medium-term target is $0.00001620. The upside potential is 9%–22% from current levels, with a timeline of the next 5–10 trading days.

Shiba Inu price is showing signs of accumulation breakout after weeks of sideways price action. With strong RSI momentum, clean Fibonacci levels, and bullish candlestick structure, SHIB may be preparing for a 20% upside move. Traders should watch for a daily close above $0.00001325 for confirmation, while keeping an eye on volume and RSI for signs of continuation or exhaustion. If bulls hold the $0.00001300 level, SHIB price could be just one breakout away from its next leg higher.