SHIB Breakout Potential Amid Squeeze and Rising Volume
Shiba Inu (SHIB) is trading within a narrow range, forming a potential technical squeeze between the 50-day EMA as support and the 100-day EMA as resistance. The token recently bounced off the $0.000012 support level, reflecting renewed bullish momentum. Short-term trading volume has increased, indicating stronger buyer participation. A decisive break above the 100-day EMA near $0.0000135 could trigger a bullish breakout toward $0.000014 and higher. Conversely, failure to hold the 50-day EMA near $0.000012 may lead to a retest of the $0.0000118–$0.0000115 support zone. Traders should monitor these key support and resistance levels to gauge SHIB’s next directional move.
Bullish
The combination of a rebound off the 50-day EMA support and rising short-term trading volume suggests growing buyer interest, a classic setup for a bullish breakout. Historically, SHIB has rallied after similar technical squeezes when key EMA levels held. A clear close above the 100-day EMA resistance near $0.0000135 would likely accelerate momentum toward $0.000014 and beyond. Even if SHIB retests lower support, the prevailing volume and EMA alignment favor an upward bias in both the short and medium term.