Peter Smith
The meme coin that's been sleeping for weeks just came alive. Shiba Inu holders are finally seeing some action as the Fed's latest dovish signals ripple through crypto markets. But is this the start of something bigger, or just another false dawn?
SHIB Price Breaks Out as Fed Dovishness Fuels Risk Appetite
Shiba Inu has jumped 6.55% to $0.00001318, breaking out of its recent sideways grind that had traders wondering if the meme coin magic was gone for good. The catalyst? The Federal Reserve's increasingly dovish stance is pumping fresh life into risk assets across the board.
According to prominent trader @jds_updates, this move isn't happening in isolation. The entire crypto market is getting a boost as investors pile back into higher-risk plays, betting that easier monetary policy is coming down the pipeline.
What makes this rally particularly interesting is the timing. SHIB had been stuck in neutral for weeks, with many traders writing it off as yesterday's news. But sometimes the best moves happen when nobody's watching.
Critical SHIB Levels That Could Determine What Happens Next
The breakout has pushed SHIB close to some important technical territory. If the bulls can keep this momentum going, the next targets sit around $0.00001350–$0.00001400. That might not sound like much, but in meme coin land, these percentage moves can get wild fast.
The key thing to watch is whether SHIB can hold above its current level at $0.00001318. This price point could either become new support or turn into resistance if the rally fizzles out.
On the flip side, if things go south, support sits around $0.00001220–$0.00001250. These levels held during recent pullbacks, so they'll be crucial for maintaining any bullish hopes. Break below there, and we might be looking at another extended sideways phase.
Peter Smith
