Shiba Inu [SHIB] has finally broken free from its bearish trend, shattering a strong resistance level that had constrained its price movement since September 2025.
Currently, SHIB is trading at $0.0000079, marking an 8.5% increase in the last 24 hours. The surge in price is accompanied by a notable uptick in trading volume, which surged by 96% to reach $228.5 million during the same timeframe.
The spike in trading volume, alongside the price rally, indicates a heightened interest from market participants in SHIB’s current trajectory, signaling a bullish sentiment among holders.
SHIB Price Movement and Technical Analysis
The primary driver behind the substantial increase in SHIB’s trading volume appears to be its price action.
Based on technical analysis, SHIB has successfully broken out of a descending trendline on the daily chart that had been limiting its price movement since September 2025.
Following this breakout, the path for further upward movement seems clear, with no significant obstacles visible on the chart.
Source: TradingView
If SHIB manages to sustain above the $0.00000763 level, it could potentially climb by another 32% towards $0.00001057 in the coming days. However, this optimistic outlook is contingent on the price remaining above $0.00000763, as a dip below this level would invalidate the setup.
Technical indicators provide further context. Currently, the Average Directional Index (ADX) stands at 27, surpassing the crucial threshold of 25 and indicating a strong trend. Additionally, the Chaikin Money Flow (CMF) sits at -0.12, suggesting that outflows slightly outweigh inflows, reflecting a cautious buying sentiment.
Trader Sentiment and Leverage Positions
In addition to price action and technical analysis, derivatives data from CoinGlass reinforces SHIB’s bullish outlook.
Recent data reveals that intraday traders have heavily leveraged positions between $0.0000078 and $0.00000844. Long-leveraged positions amount to $1.11 million, surpassing short-leveraged positions valued at $705.55K.
Source: CoinGlass
This imbalance in leverage positions indicates a prevailing bullish trend for SHIB, suggesting that traders anticipate the price to remain above $0.0000078 in the near term.
Key Takeaways
- Shiba Inu (SHIB) has seen an 8.5% uptick, signaling the end of its bearish phase and paving the way for a potential 32% surge.
- Increasing trading volume, trader positions, and technical indicators collectively support SHIB’s bullish outlook.