Shiba Inu is finally showing some life after weeks of sideways action. The meme coin just hit $0.00001368, up over 3% and looking ready for more. Bulls are getting excited, and for good reason - the chart's starting to look bullish again.
Key Levels That Matter
Trader $SHIB KNIGHT has their eye on $0.00001599 as the next big target. That's where the real test happens. Break through there, and SHIB could be off to the races.
The chart tells a clear story right now. SHIB found solid footing at $0.00001250 - that's the safety net if things go wrong. Right now it's bumping up against $0.00001370, which is where sellers have been stepping in. But the real prize is $0.00001599, the major resistance zone everyone's watching.
The bigger picture shows SHIB trading in a range between $0.00001100 and $0.00001900. Recent price action suggests buyers are getting more aggressive, setting up what could be a breakout attempt. If SHIB punches through $0.00001370 with decent volume, that $0.00001599 target becomes very realistic.
What's Driving the Move
This isn't just chart magic - there's actual substance behind SHIB's recent strength. The Shibarium Layer-2 network keeps getting better, token burns are still happening, and the community remains as engaged as ever. These fundamentals are giving bulls something real to hang their hats on.
Saad Ullah
Saad Ullah