- Shiba Inu (SHIB) has broken above the 26-day EMA, signaling a potential trend reversal after weeks of decline.
- Shiba Inu’s RSI and rising volume indicate growing bullish momentum, with the next resistance level at $0.0000145.
After weeks of persistent downward pressure, Shiba Inu (SHIB) has finally delivered a promising bullish signal, sparking speculation of a potential trend reversal. This marks the first significant upside movement in a long time, giving SHIB holders a reason to be optimistic.
Breaking Through Key Resistance Levels
SHIB has managed to break above the 26-day Exponential Moving Average (EMA), a crucial technical indicator often associated with trend reversals. Currently trading near $0.00001337, this move suggests growing bullish momentum that could lead to further price appreciation. Since February, SHIB has been stuck in a downtrend, and this breakout above the 26 EMA is the first real sign of strength in months.
The asset’s lowest point during this period was around $0.0000122, which has now become a strong local support zone. If Shiba Inu can sustain this level, it may set its sights on the 50 EMA, currently hovering around $0.0000145, which represents the next major resistance level.
RSI and Volume Indicate Bullish Strength
The Relative Strength Index (RSI) currently sits at 50.75, teetering on the edge of bullish momentum. A move beyond the 55-60 range could confirm a strong uptrend and signal further upside potential. Additionally, market volume has shown a minor yet noticeable uptick, indicating renewed trader interest and increased liquidity.
Shiba Inu: What’s Next for SHIB?
If Shiba Inu continues to hold above its key support levels and sees further confirmation from RSI and moving averages, a rally toward $0.0000145 and beyond could be in play. Traders will be closely watching whether the meme coin can sustain its bullish momentum or if resistance will push it back down.
For now, SHIB has flashed its first major bullish sign in weeks, and the coming days could determine whether this is just a temporary bounce or the start of a sustained uptrend. Investors should stay alert and watch for confirmation signals before making any significant moves.
