Shiba Inu (SHIB) Breaches Its Prolonged Consolidation and a Major Resistance Level

Shiba Inu (SHIB), a popular dog-themed meme coin, has breached its prolonged consolidation and a major resistance level, positioning itself for massive upside momentum.

Shiba Inu (SHIB) is showing signs of emerging from its prolonged consolidation and a major resistance level, setting the stage for massive upside momentum.

Shiba Inu Price Analysis: A New Chapter Begins

According to expert technical analysis in the domain of cryptocurrency price prediction, SHIB is displaying bullish signals as it has managed to break out of a consolidation zone and a descending trendline that has acted as a resistance level since the beginning of January 2025.

This breakout has led to an impressive price surge, and in doing so, the meme coin seems to be forming a bullish inverted head and shoulders pattern and is on the verge of another breakout. Experts view this pattern as a bullish signal, suggesting that SHIB could be recovering from its recent losses.

If the meme coin manages to break out of the pattern and closes a daily candle above the $0.0000138 level, there is a strong possibility it could soar 50% to reach $0.0000205 in the coming days, considering recent price action and historical momentum.

However, despite an impressive price surge, SHIB has yet to reclaim the 200 Exponential Moving Average (EMA) on the daily timeframe, keeping it in a downtrend. A move above this MA could signal a shift in the long-term trend.

SHIB Technical Levels to Consider:

Major Resistance Levels: $0.0000138, $0.000015, $0.000017

Major Support Levels: $0.000012, $0.00001, $0.000008

Relative Strength Index (RSI): 80% (Overbought), 30% (Oversold)

Shiba Inu (SHIB) Surges 6% Amid Increased Trading Activity

As of today, March 25, 2025, Shiba Inu (SHIB) is showing signs of emerging from its prolonged consolidation and a major resistance level, setting the stage for massive upside momentum.

With a 6% upward move, the meme coin is reversing its extended market downturn, suggesting a potential shift in the prevailing trends.

Highlighting the bullish price action, the Relative Strength Index (RSI) on the 14-hour timeframe is approaching the overbought territory, indicating strong buying pressure.

Furthermore, SHIB has seen a 55% increase in trading volume during the same period, indicating heightened participation from traders and investors following the bullish price action.

Shiba Inu Price Today

At press time, SHIB is trading at $0.00001362, having surged over 7% in the past 24 hours.

Traders Are Over-Leveraged On Lower Levels

Following the bullish price action, intraday traders appear to be adopting the same outlook, as reported by the on-chain analytics firm Coinglass.

According to the latest data from the firm, traders are currently over-leveraged at $0.0000132 on the lower side and $0.00001377 on the upper side, having built $300K and $135K worth of long and short positions, respectively, in the past 24 hours.

These overleveraged positions indicate that bulls are currently dominating and could push the meme coin higher in the coming days. However, if sellers manage to defend the upper levels and push the price lower, traders could quickly unwind their long positions and open up short positions, leading to a swift decline in SHIB’s price.