Shiba Inu Surges 4.3% as Bullish Momentum Returns

Shiba Inu's price has been on a notable rebound, trading around 0.00001480 after hitting a low of 0.00001407 on May 17. The meme token has surged nearly 4.3% over the last 24 hours, driven by a strong recovery from critical demand zones. After several days of choppy trading and downside pressure, SHIB bulls appear to be reclaiming momentum as sentiment improves across the broader crypto market.

SHIB has shown a strong bounce after slipping to the 0.00001400–0.00001415 support range earlier this week, confirming a higher low on the 4-hour chart. The price has now reclaimed its 20/50/100 EMA levels on the 3-hour timeframe, signaling a shift in momentum toward buyers. Bollinger Bands on the 3-hour chart are beginning to expand upward, showing volatility is picking up as SHIB attempts to break out.

The latest Shiba Inu price update shows a breakout attempt above 0.00001480, which aligns closely with the 0.382 Fibonacci retracement level from the April–May swing. If bulls manage to close above 0.00001500, the next upside target lies at the 0.00001590 zone — the 0.236 Fib resistance and a key inflection point from earlier May highs.

The 1-day candle has printed a strong bullish engulfing pattern following a retracement from the 0.00001763 peak. Price held above the 50% Fibonacci retracement at 0.00001396, a level that coincided with multiple support confirmations on the daily chart. From a trendline perspective, SHIB has broken out of a descending wedge on the lower timeframes, with the move now validated by volume expansion and improved bullish structure on the 30-min and 3-hour charts.

Furthermore, the Shiba Inu price volatility is gradually increasing as price tightens around confluence zones. Ichimoku Cloud on the 30-min chart shows a fresh bullish cross, with price now trading above the conversion and base lines, signaling a potential continuation.

On the RSI front, the 30-minute chart shows a breakout above 70, currently printing around 71.26, suggesting strong short-term momentum but also approaching overbought territory. Meanwhile, the MACD histogram continues to print higher bars above the zero line, with the MACD line crossing above the signal line — a textbook short-term bullish confirmation. Chande Momentum Oscillator is reading above 64, indicating sustained bullish drive, and the 4-hour Bollinger Bands show price attempting to walk the upper band, a pattern often associated with trending moves.

From the current zone, if Shiba Inu price manages to hold above 0.00001475, bulls could push toward the 0.00001525–0.00001590 resistance cluster. A daily close above 0.00001590 could expose 0.00001630 and eventually retest the upper descending trendline near 0.00001690. On the downside, immediate support lies near 0.00001460 (EMA 20 on 3-hour), followed by stronger demand around 0.00001415 — a level that has acted as both support and resistance this month. A loss of this level could reintroduce downside risk toward 0.00001390 and the 61.8% Fib zone near 0.00001309.

Shiba Inu price has shown signs of strength following a clean technical rebound and increasing bullish pressure. With key moving averages reclaimed and momentum indicators flashing green, short-term sentiment has flipped positive. However, sustained gains above 0.00001500–0.00001525 are needed to confirm a full breakout from the recent correction. If SHIB maintains this trajectory, the next few days could see renewed Shiba Inu price spikes toward the 0.00001600–0.00001630 resistance.