Shiba Inu (SHIB) Surges 2.6% as Bullish Trend Continues

Shiba Inu (SHIB) has recently demonstrated a strong bullish trend, breaking above the $0.00001280 trendline with significant volume, which has turned the resistance level into short-term support. This breakout is supported by a bullish divergence on the MACD indicator and an RSI of 45, indicating that there is still room for further upward movement.

Currently, SHIB is trading near $0.00001288, reflecting a 2.6% gain in the past 24 hours. The trading volume has surged by over 10%, reaching $150.7 million, and the market capitalization has increased to $7.15 billion, matching its fully diluted valuation. This steady rise in both price and volume indicates renewed interest in SHIB.

According to an analysis by Shib Knight, SHIB has successfully broken above a descending trendline at around $0.00001280, followed by steady buying. A strong hourly candle closed above this level, confirming that the resistance has turned into support. The zone between $0.00001288 and $0.00001289 now acts as a short-term pivot area.

SHIB’s price action between 2:00 PM and 4:00 PM showed a sharp increase, helping the token reclaim momentum. Trading charts reflected healthy candle structures, and bids around the breakout zone confirmed strength in buyer interest.

The MACD indicator is showing a bullish divergence across multiple timeframes. SHIB’s price has created a bottoming structure around $0.0000118, with support forming near $0.00001600. MACD histogram bars are now flipping green, showing bullish momentum is returning.

The Relative Strength Index (RSI) is around 45, meaning the token has room to move up before being overbought. As volume builds, the thin liquidity conditions could allow prices to rise sharply if demand increases. If SHIB maintains this momentum and holds above the 26 EMA, analysts expect a rally toward $0.00001500 and beyond. According to analysts, if buying pressure continues, SHIB may soon approach +$0.0001 above its current price level.