- SHIB nears breakout from falling wedge, with resistance at $0.00001334 in focus.
- Trading volume surged 151% as open interest climbed, signaling rising trader activity.
- Historical wedge breaks delivered 25–40% gains, with $0.00001400–$0.00001600 as next targets.
Shiba Inu (SHIB) is approaching a breakout level after trading within a falling wedge structure on the 4-hour chart. The token recently gained more than 7% in a single day, moving close to $0.00001334. Analysts describe the current setup as a “parabolic pump incoming,” as price tests a descending trendline.
SHIB Approaches Breakout Structure
SHIB Inu is trading near visible resistance marked by a descending yellow trendline, according to analysis prepared by Shib Spain. This line has been tested several times, and the price now approaches the breakout zone.
A horizontal support area near $0.00001050 has also been respected during repeated declines, forming a strong market base. The token recorded a 24-hour range between $0.00001206 and $0.00001348.
During this period, SHIB gained 7.1% and reached a session peak of $0.00001348 before minor pullbacks. Despite the retracement, SHIB held above $0.00001300, showing steady support from traders. The latest movement has positioned SHIB for a possible continuation if resistance is cleared.
Market Data Confirms Rising Participation
Data from Coingecko reports SHIB’s market capitalization at $7.76 billion, with a fully diluted valuation of $7.77 billion. Circulating supply is 589.24 billion out of a total 589.50 billion, which indicates that nearly all tokens are in circulation. Liquidity conditions remain strong, keeping stability during higher volatility periods.
Derivatives markets also showed rising activity. According to Coinglass, SHIB trading volume rose by more than 151% to $354.54 million. Open interest increased by 7.35% to $188.16 million, while liquidation data showed more pressure on long positions. The long-to-short ratio across exchanges is mixed, with Binance accounts balanced but OKX showing more long activity at 2.3.
Historical data supports the current setup. A wedge breakout to $0.00001020 in August 2022 led to a 25% rally over a few days and a similar breakout to $0.00000780 in July 2023 gained over 40%. Analysts now identify price levels at $0.00001400 to $0.00001600 as the next targets if SHIB sustains momentum above resistance.
