SHIB Eyes Move Toward $0.000008 After Clearing $0.0000074 Resistance
SHIB (Shiba Inu) has shown renewed upside momentum across intraday and weekly timeframes. Short-term data: SHIB is trading around $0.00000736–$0.00000797 in the two reports, approaching local hourly resistance near $0.00000740–$0.00000741. A sustained close above $0.00000740–$0.00000741 could open a move to $0.00000750 and, with strong bullish wicks, potentially $0.00000770 in the coming days. Earlier intraday analysis reported a higher price band (~$0.00000997) and highlighted mid-channel support at $0.00000867 and resistance at $0.00000908 with a pivotal daily level near $0.00000902; that earlier view expected limited volatility if daily ATR was mostly spent. Midterm/weekly view: SHIB recently experienced a false break below support near $0.000007 — if the weekly bar closes back above that level, traders may see a rebound toward the $0.000008 area. Key levels to monitor for trading: short-term resistance $0.00000740–$0.00000750 (with extended target $0.00000770), support near $0.000007 and $0.00000850–$0.00000867 in higher-band reports, and pivotal daily level around $0.00000902 in the earlier analysis. Overall, short-term momentum favors a bullish continuation if price can sustain above $0.0000074; failure to hold above key supports would reopen downside toward $0.000007 or lower. Traders should watch hourly closes, the weekly bar close, and intraday ATR for signs of follow-through or range-bound low-volatility action.
Bullish
Both summaries report bullish signals contingent on key technical confirmations. The newer report highlights price approaching and potentially clearing short-term resistance at $0.00000740–$0.00000741; a sustained close above that level typically fuels short-term continuation toward $0.00000750 and possibly $0.00000770. The weekly-frame observation that a prior false-break below $0.000007 could reverse into a rebound toward $0.000008 adds midterm upside potential if weekly closes confirm. Downside risks remain if SHIB fails to hold support near $0.000007 (or, in the earlier higher-price report, nearer 0.00000850–0.00000867), which would invalidate the bullish setup and likely produce consolidation or further weakness. Given the current positioning — price testing resistance with defined upside targets and conditional confirmation paths — the expected net price impact on SHIB is mildly to moderately bullish. Traders should watch hourly closes, weekly bar confirmation, and ATR (to gauge volatility) to time entries and manage risk; tight stops below the identified supports are advisable because a failed breakout would flip the outlook bearish.