Saad Ullah
SHIB just pulled off something nobody saw coming. After grinding sideways for months, the meme coin has broken clean through its descending trendline and is now trading above $0.00001365. This isn't just another fake-out - the technical setup suggests we might be looking at the start of something bigger.
SHIB's Technical Breakout Story
Trader SHIB Mortal is already calling for a potential run toward $0.0001, and honestly, the charts are backing up that bold prediction.
The 4-hour chart tells the whole story in one clean move. SHIB has decisively broken above that nasty descending resistance line that's been capping rallies since early summer. The token found solid footing at $0.00001266 and used that as a launching pad for this breakout.
Here's what traders are watching now:
- Immediate resistance sits at $0.00001400-$0.00001500
- If that breaks, $0.00001650 becomes the next logical target
- The big prize? That ambitious $0.0001 level that would represent massive gains from here
- Downside protection remains at $0.00001260, with deeper support near $0.00001150
Why This Rally Could Have Legs
SHIB isn't just riding on meme magic anymore. The Shibarium Layer-2 network keeps adding real utility, giving the token some actual fundamentals to lean on. Plus, the community behind this coin is absolutely relentless - when SHIB starts moving, retail money floods in fast. And with altcoin season potentially heating up, speculative flows are starting to rotate back into tokens like this.
If SHIB can hold above $0.00001350, this breakout has room to run toward $0.00001650 in the short term. Break that level cleanly, and suddenly that $0.0001 target doesn't look so crazy anymore. But if we lose $0.00001260 support, it's back to the drawing board and potentially lower levels.
Right now, SHIB has everyone's attention again. The breakout is real, the momentum is building, and traders are positioning for what could be the meme coin's ne
Saad Ullah
