Saad Ullah
Shiba Inu (SHIB) breaks its long-term downtrend, signaling a potential rally. Traders now eye a breakout above $0.000013 as momentum builds.
Shiba Inu (SHIB) Signals Technical Breakout
After weeks of consolidation, Shiba Inu (SHIB) appears to have broken through a descending trendline, suggesting the meme coin may be poised for its next leg up. SHIB has surged 3.04% over the past session, now trading at $0.00001288 with a buy order quoted at $0.00001289.
The chart highlights a technical breakout, supported by a rocket emoji placed precisely at the breakout point—a symbolic nod to the community’s rallying cry: “SHIB to the moon.” If momentum continues, the next target may be $0.0001, as some traders speculate.
Will SHIB Hit $0.0001 Soon?
The SHIB price has remained under pressure for months, but this breakout could spark a bullish trend reversal. The seller wall at $0.00001288 may become a support zone if bulls continue to gain control. With volume steadily increasing and resistance levels thinning, the meme coin could attempt to reclaim key psychological price zones like $0.00001500 and $0.00002000.
Though the market remains volatile, breakout traders are watching SHIB closely for confirmation of a full-scale rally.
Saad Ullah
