Shiba Inu Poised for 30% Rally to Test 200-Day EMA
Shiba Inu (SHIB) has held a key support zone between $0.0000099 and $0.0000100, trading in a narrow range amid market indecision. Technical analysts from SwallowAcademy forecast a rebound exceeding 30%, targeting the 200-day EMA near $0.00001299. This move would fill the price gap between $0.00001145 and $0.00001264. Historically, the 200-day EMA capped SHIB rallies at $0.00001765 in May, $0.00001597 in July and $0.00001484 in September, making it crucial resistance. ForexDreamVantage also highlights that maintaining current support could push SHIB toward $0.00001765. Traders should monitor SHIB’s reaction at the 200-day EMA to gauge whether momentum shifts bullish or range-bound consolidation continues.
Bullish
Both SwallowAcademy and ForexDreamVantage highlight strong support at the $0.0000099–$0.0000100 zone and project a breakout to the 200-day EMA, implying a potential 30% upside. Historical resistance at the EMA underlines its significance as a barrier to watch. If SHIB holds current support, buying pressure may increase, fueling a bullish move toward higher targets. Short-term traders can capitalize on momentum shifts at the EMA, while a successful breakout could signal a longer-term uptrend. Conversely, failure to breach this resistance would likely result in continued consolidation.