Bulls Are Back: Shiba Inu at Key Resistance, Is a Sharp Rally Ahead?

Meme coin Shiba Inu (SHIB) has recorded a strong series of trading days, and according to top analysts, it now stands at a critical turning point that could open the door to significant gains.

Five Consecutive Green Days and the 200-Day EMA Test Over the past week, Shiba Inu closed five straight sessions in the green, climbing more than 7.7%. This steady performance injected new momentum into the market and pushed SHIB right up against its 200-day Exponential Moving Average (EMA) – a major technical indicator that has long acted as stubborn resistance. Analyst SwallowAcademy noted in a fresh TradingView analysis that since January 19, when SHIB dropped sharply below this level, the token has repeatedly failed to sustain trading above the 200 EMA. Now, however, the growing bullish momentum suggests that could be about to change.

Upside Potential Toward $0.000024 At press time, SHIB trades at $0.00001342, while the 200 EMA sits at $0.00001384 – just 3% above the current price. If buyers manage to break and hold above this threshold, analysts believe the path could quickly open toward higher targets: $0.000020 (+49% from current price)$0.000024 (+78.8% from current price) These levels represent key resistance zones, and reclaiming them would confirm the start of a new bullish trend.

Analysts Agree on a Bullish Outlook Shiba Inu’s positive outlook is not limited to a single commentator. Well-known analyst Ali Martinez also highlights the potential for SHIB to return above $0.000020, provided the bullish momentum continues. Other analyses point to similar scenarios, with some identifying $0.000021 as a Fibonacci target in the expected recovery.

Bottom Line Shiba Inu stands at a critical crossroads. Breaking above the 200-day EMA could trigger sharp gains and potentially mark the beginning of a new rally. With optimism building among both analysts and investors, the question is whether SHIB can turn this technical breakout into sustainable long-term growth.

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