Shiba Inu (SHIB) Eyes Bullish Breakout as Momentum Builds

Shiba Inu (SHIB) is gaining bullish momentum, extending its short-term rally with over four consecutive days of upward movement. After a prolonged period of consolidation and decline, market sentiment has shifted, with bulls now taking the lead. Currently trading around $0.00001444, SHIB has broken above key resistance levels and is navigating the technical zone between the 50-day and 100-day Exponential Moving Averages (EMAs)—a critical area often seen as the battleground for trend reversals.

This recent move pushed SHIB above the $0.00001350 support, suggesting potential for further gains. The price is inching toward the 100 EMA near $0.00001655, and a confirmed breakout could open the path to the $0.00001793–$0.00001800 range, aligning with the 200 EMA and signaling a possible midterm trend reversal.

Technical indicators also support the bullish case. The Relative Strength Index (RSI) is hovering around 59, indicating increasing buying pressure without entering overbought territory. Volume is gradually rising, reinforcing the strength of this uptrend even in the absence of explosive surges.

Investor interest is clearly building, and all eyes are now on SHIB’s ability to break the 100 EMA resistance. If successful, this could catalyze a broader rally and attract more momentum-driven buyers. With bulls firmly in control and technical indicators aligning in their favor, Shiba Inu could be poised for a stronger move in the coming days.