Peter Smith
Shiba Inu (SHIB) is facing its biggest test in months as it tries to break through a key resistance level that's been holding it back since February.
Shiba Inu (SHIB) Price Hits Make-or-Break Moment
Right now, SHIB is trading at around $0.00001441 and fighting against the 200-day moving average - basically the line that's been stopping every rally attempt for the past seven months. This isn't just any technical level; it's the difference between staying stuck in a downtrend or finally turning things around.
The good news? SHIB has already broken above its 50-day and 100-day moving averages, which shows there's real momentum building up. But the 200-day EMA at $0.00001451 is the real boss here. If SHIB can push past this level, we could see it heading toward $0.0000165 or even $0.0000180 pretty quickly.
Technical Signals Point to Potential SHIB Price Surge
The charts are looking pretty interesting right now. The RSI is sitting at 72, which means there's strong buying pressure, though it's getting close to overbought territory. More importantly, trading volume has been picking up steadily - and that's usually what you want to see before a real breakout happens.
What makes this setup different from all those failed attempts earlier this year? The overall crypto market is finally stabilizing, and whale activity is starting to pick up again. That's a much better environment for SHIB to make a real move.
What's Next for SHIB Price?
Here's the bottom line: SHIB is at a crossroads. Either it breaks through this resistance and kicks off a proper bull run, or it gets rejected again and stays trapped in the same boring range it's been stuck in for months.
The next few days will tell us everything. If the bulls can push SHIB above $0.00001451 with decent volume, we could be looking at the start of something big. But if it fails here, well, it's back to the drawing board.
For now, all eyes are on that 200-day moving average. It's make-or-break time for SHIB.
Peter Smith
