Peter Smith
⬤ Shiba Inu is picking up speed as it heads straight into a crucial technical zone that traders have been watching. The token is now pushing toward $0.00000827, showing a sharp climb during today's session after spending time consolidating at lower levels.
⬤ Looking at the chart, SHIB has been steadily building higher lows and breaking through minor resistance levels along the way. The current move shows clean momentum with the price bouncing off support and accelerating into a zone that previously triggered reactions from traders. Right now, SHIB is sitting around $0.00000827 with a roughly 5% gain for the session. Buyers have been showing up consistently, pushing the price higher with each move.
⬤ What's interesting is how SHIB has powered through several smaller barriers in its path, which adds weight to the bullish case in the short term. The volume has picked up too, with tighter price action suggesting more traders are getting involved. The big question now is whether SHIB can hold above $0.00000820 or if we'll see some profit-taking that pulls it back down.
⬤ This matters beyond just SHIB itself because the token often reflects what's happening across the meme coin space. If it manages to push through and hold this zone, it could boost confidence in similar speculative assets. But if it gets rejected here, we might see some hesitation spread through that corner of the market. The next few sessions will tell us whether SHIB can keep climbing or needs to cool off first.
Peter Smith
