Shiba Inu (SHIB) Surges 2.21% Amid Bullish Trend

Shiba Inu (SHIB) tokens have experienced a significant surge, with technical indicators aligning to suggest a potential rally. Currently trading near $0.00001373, SHIB has seen a 2.21% increase in the last 24 hours. Analysts predict a potential 124% rally from the current price, targeting $0.00003. The support zone between $0.0000126 and $0.0000128 remains intact, providing a strong base for bulls. Despite recent hacker-driven selling pressure involving 150 billion tokens, indicators suggest that the bullish trend for Shiba Inu may continue. The next major move for SHIB will be defined by the battle between upward momentum and resistance at $0.0000145.

The recent breakout above two long-term trendlines marks a turning point for SHIB tokens. The first trendline, formed in March 2024, capped rallies until a December breakout pushed SHIB to $0.000031. In April 2025, SHIB broke a second resistance trendline, and the price has since rebounded 12% from the support zone. Indicators such as the Relative Strength Index (RSI) and the WaveTrend Oscillator point to early bullish reversal signs, supported by growing trading volume. Daily tokens burned have also spiked by over 1,500%, further strengthening tokenomics. Analysts are now closely watching the key resistance level near $0.0000145, which, if cleared, could trigger rapid upside momentum.

SHIB tokens saw daily trading volume climb to $220.37 million, a 15.32% increase, while the market cap rose to $8.09 billion. Technicals show rising support with the 14-day RSI sitting at 64.47, leaving room for further growth before entering overbought conditions. Analysts have set upside targets at $0.00001795 by April 29 and $0.00003039 by May 1. These targets represent a 124% gain from current prices. Meanwhile, the key resistance level for Shiba Inu lies between $0.0000142 and $0.0000145. A successful breakout from this zone could validate the bullish trend and send tokens soaring. However, if selling resumes, the price may retest the support around $0.0000126. Despite uncertainty from recent hacker dumps, SHIB maintains an upward structure with higher lows and strong on-chain signals, bolstered by Shibarium adoption and a growing holder base.

The recent dump of 150 billion tokens by hackers adds risk, but the market reaction has been surprisingly resilient. Over 1,050 ETH from the exploit was funneled through TornadoCash, while hackers still control $25.5 million in crypto. Despite this, tokens continue to attract interest as daily burns and Shibarium activity grow. The key resistance level remains firm, but sustained volume and the current bullish trend offer buyers some hope. Analysts emphasize the importance of holding the support zone, especially if broader crypto sentiment weakens in the coming sessions.

SHIB tokens must now overcome the $0.0000145 resistance to maintain the rally. A breakout here would likely push SHIB toward $0.000018 and possibly $0.00003 by early May. Failure, however, could see the token retest the support near $0.0000128. With the bullish trend still intact and fundamentals improving, a sustained move above the key resistance level could mark the start of a new leg higher. For now, SHIB tokens remain in focus, riding momentum, burn mechanics, and ecosystem growth. The question remains whether the meme coin can finally reclaim its explosive potential in May 2025.