Sergey Diakov
Shiba Inu (SHIB) is showing signs of life again. After weeks of sideways trading that left many holders wondering when the next move would come, SHIB has finally pushed higher, gaining over 2% in a single session. The rally, while modest by meme coin standards, has reignited optimism across the community and caught the attention of traders looking for the next short-term opportunity.
Community Enthusiasm Returns
Popular trader SHIB KNIGHT was among the first to highlight the move, sharing a chart as the token climbed to $0.00001043 on Binance.
The post reflects growing excitement as SHIB reclaims ground after an extended period of range-bound price action.
Technical Picture Improves
Looking at the chart, the structure is encouraging. SHIB spent considerable time consolidating around the $0.0000101 support level, testing it multiple times without breaking down. That patience appears to be paying off now, as the token has pushed above $0.0000103 resistance with a series of bullish candles. The move suggests buyers are stepping in with confidence, while selling pressure has noticeably weakened. If this momentum holds, the next area to watch is between $0.0000106 and $0.0000108, where previous rallies stalled. A clean break above that zone could open the door toward $0.0000112 or higher. On the flip side, maintaining support above $0.0000101 will be crucial to keep this bullish structure intact.
Broader Context
Beyond the technicals, there's more going on with Shiba Inu than just price action. The Shibarium Layer-2 network continues to develop, attracting developers and long-term holders who see value in the ecosystem beyond the meme. Combined with a relatively stable broader crypto market, these factors may provide a solid foundation for continued upside if liquidity stays supportive.
Sergey Diakov
