{"id":532,"date":"2025-03-20T12:02:03","date_gmt":"2025-03-20T12:02:03","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=532"},"modified":"2025-03-20T12:02:05","modified_gmt":"2025-03-20T12:02:05","slug":"shiba-inu-shib-price-breakout-indicator","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/shiba-inu-shib-price-breakout-indicator\/","title":{"rendered":"Shiba Inu (SHIB) Price Poised for Takeoff Based on This Indicator"},"content":{"rendered":"\n

Technical Setup of Shiba Inu<\/h2>\n\n\n\n

The technical indicators of Shiba Inu<\/strong> reveal a short-term bullish momentum, while the long-term strength of the memecoin remains uncertain. At the time of writing, SHIB was consolidating within a bearish compression pattern<\/strong>, indicating a potential bullish trend reversal.<\/p>\n\n\n\n

According to Crypto Sat on CoinMarketCap<\/em>, a breakout above the key resistance level of $0.00001260<\/strong> on its downtrend line could trigger a price uptrend. The SHIB price could then move towards $0.00001280<\/strong> in the short term, aiming for $0.00001320<\/strong> in the medium term.<\/p>\n\n\n

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\"Shiba
Source : CoinMarketCap<\/figcaption><\/figure>\n<\/div>\n\n\n

The 24-hour RSI<\/strong> of SHIB was at 43 and rose to 51 on the 4-hour chart, indicating increased buying pressure over the last 24 hours. The MACD level (12,26) and memecoin momentum also highlighted a bullish trend<\/strong>. Similarly, both short and long-term moving averages showed a “buy” signal at the time of publication. However, long-term moving averages signaled “sell”, indicating existing bearish pressure, as evidenced by a low long-short ratio (0.87).<\/p>\n\n\n\n

Bullish Trend Reversal or False Signal ?<\/h2>\n\n\n\n

The memecoin market has been extremely speculative<\/strong> lately, sparing even established memecoins like Shiba Inu. Several market developments could fuel the short-term bullish momentum of SHIB<\/strong>.<\/p>\n\n\n\n

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For example, Shibarium<\/strong>, the layer 2 blockchain of the memecoin, is about to reach a milestone of 10 million blocks. According to Shiba Inu team member, Lucie, the growing SHIB community is also anticipating the SHIB OS<\/strong>.<\/p>\n\n\n\n

The OS is a solution for businesses and governments transitioning to secure decentralized governance models and real utility of the blockchain. With these and other developments, the bullish momentum of SHIB could strengthen and support a medium-term uptrend<\/strong>.<\/p>\n\n\n\n

Insight into Shiba Inu Holders<\/h2>\n\n\n\n

74% of SHIB<\/strong> is controlled by whales, according to IntoTheBlock<\/em> data. Most holders (60%) have held for over a year at a loss, hoping for a price rebound.<\/p>\n\n\n

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\"Shiba
Source: IntoTheBlock<\/figcaption><\/figure>\n<\/div>\n\n\n

The increase in significant transactions over the past week, coupled with market developments, could be a sign of increased whale activity<\/strong> related to a price rise. With a rise in open interest (+5.63%)<\/strong> and a strong correlation with Bitcoin<\/a>, SHIB’s movement could follow Bitcoin’s price recovery.<\/p>\n\n\n\n

If the bullish momentum of SHIB persists, a breakthrough could lead to a move towards the key resistance zone of $0.00001280 – $0.00001320<\/strong>.<\/p>\n\n\n\n

Conversely, if bears exert further pressure, the support at $0.00001220 could be tested as price consolidation continues. Monitoring whale activity and market developments alongside these key levels will be crucial.<\/p>\n\n\n\n

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