Usman Salis
Shiba Inu (SHIB) sees massive 51% volume spike while price climbs, hinting at potential breakout.
Shiba Inu is making waves again. The popular meme coin just posted some pretty impressive numbers that have crypto traders taking notice. We're talking about a serious surge in both trading volume and price action that could signal bigger moves ahead.
Shiba Inu (SHIB) Price Shows Strong Bullish Signs
Here's what's happening with SHIB right now. Trading volume has absolutely exploded - we're looking at a 51.58% jump to $519.18 million in just 24 hours. That's some serious money flowing into this token.
The price action has been pretty solid too. SHIB climbed from a low of $0.00001368 to hit $0.00001479 during the day. Right now, it's sitting at $0.00001441, which represents a nice 5.16% gain.
What's really interesting is the timing. This pump is happening right as Ethereum broke through that key $3,000 resistance level. Since SHIB runs on Ethereum, it tends to benefit when ETH does well - and we've been seeing this pattern play out for months now.
The technical indicators are looking pretty bullish too. SHIB has flipped its seven-day and 30-day moving averages, which is typically a good sign that an upward trend is forming. When you see this kind of crossover, it usually means the token has moved past short-term volatility and is building real momentum.
Can SHIB Price Hit $0.000020 Again?
The big question everyone's asking is whether SHIB can get back to $0.000020. That's the level it hasn't seen since January 2025, and it's become somewhat of a holy grail for SHIB holders.
Looking at the current momentum, SHIB has a decent shot at retesting $0.000015 first if things keep going this way. But most investors have their eyes on that $0.000020 target.
The optimism isn't just wishful thinking either. A few days ago, trading volume dropped by over three billion SHIB, which looked scary at first but actually turned out to be healthy consolidation. The ecosystem seems to have found its footing and is now pushing for higher levels.
There's also some interesting technical stuff happening with SHIB's Bollinger Bands. According to U.Today, these indicators are flashing bullish signals that could trigger a 20% price spike. If that happens, we might actually see SHIB test that $0.00002 level sooner than expected.
Of course, there are some things to watch out for. SHIB needs to avoid getting overbought and should stick with its deflationary burn mechanism. If the burn rate stays strong while prices climb, that's when we could see a real breakout to the next resistance level.
The broader crypto market is also playing along nicely. With Ethereum performing well and overall sentiment improving, meme coins like SHIB are in a good position to ride the wave higher.
Usman Salis
