- Shiba Inu is currently trading near $0.00001005, bouncing off a key support level.
- The coin faces strong resistance between $0.00001068 and $0.00001257 from multiple moving averages.
- Technical analyst Javon Marks suggests a potential 200% rally if Shiba Inu breaks above resistance, targeting $0.000032.
- Support at $0.00000980 remains defended, but trading volume is low.
- A clean break above the 200-day EMA at $0.00001257 would indicate a trend reversal and open the way to higher price levels.
Shiba Inu is trading close to $0.00001005 as it rebounds from a demand zone where buyers have been actively defending the price floor. Since August, the meme coin has struggled to surpass a thick resistance cluster between $0.00001068 and $0.00001257, creating a barrier that has repeatedly stopped bullish breakouts.
On the daily chart, the resistance is supported by a descending trendline from earlier highs this year. A series of moving averages—the 20-day EMA at $0.00001068, 50-day EMA at $0.00001146, 100-day EMA at $0.00001200, and 200-day EMA at $0.00001257—form a dense ceiling above the current price. The Supertrend indicator remains red, signaling ongoing seller dominance.
Technical analyst Javon Marks, who has closely followed Shiba Inu’s chart patterns, highlighted possible bullish signals. According to Marks, the coin has broken out of an accumulation phase and shown positive divergences on the MACD indicator. He stated: “SHIB looks to be already broken out of a key accumulation and prices, which showed bull divergences early this year, can be preparing here for an ~200% move to test a resistance in the $0.000032s again.”
If Shiba Inu surpasses this target, which would more than triple the current price, Marks suggested it could approach $0.000081, near its previous all-time high.
On the support side, spot flow data recorded inflows of approximately $84,000, marking a shift from prior outflows. Buyers have held the $0.00000980 level multiple times, preventing a breakdown to lower price zones. On a shorter time frame, SHIB broke out of a descending channel and reclaimed the VWAP line, signaling early momentum change. The RSI sits near 52, with initial resistance around $0.00001020.
A confirmed move above the 20-day EMA would indicate growing bullish momentum. Lucie, a team member in the Shiba Inu ecosystem, noted the significance of market cycles and commented that “The biggest returns in past bull runs always came from the most dead and unexpected tokens.”
Breaking past the 200-day EMA at $0.00001257 would denote a full trend reversal, opening a path toward $0.00001400. Failure to overcome these resistance points could result in another pullback to $0.00000980 or possibly down to $0.00000900 if sellers regain control. Upcoming sessions will reveal whether Shiba Inu can break through these barriers and potentially trigger a strong rally.
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