- SHIB breaks long-term resistance, holding above $0.00001300 with renewed bullish momentum.
- Analysts eye $0.00001650 near term and $0.0001 long term as breakout structure strengthens.
- Shibarium adoption, token burns, and steady demand zones support SHIB’s long-term growth.
Shiba Inu (SHIB) has continued to show strong activity in recent sessions, with technical patterns pointing to renewed growth. The token has broken above a long-standing resistance trendline while holding steady at higher levels, creating a positive structure for further gains. According to several market observers, SHIB is preparing for a massive long-term run, with $0.0001 seen as the next target soon.
SHIB Breaks Resistance and Holds Higher Levels
SHIB chart on the four-hour timeframe shows price action breaking through a descending yellow resistance line. According to analysis prepared by Shib Mortal, this move marks the first breakout above that level in months.
Price had frequently returned to the $0.00001200 support zone before the breakout occurred, confirming consistent buying activity at that range. The breakout zone, circled on the chart, represents a shift in market structure after a long period of compression.
SHIB has since maintained higher candle closes above resistance, with the $0.00001300 region now acting as the immediate trading zone. CoinMarketCap data records the current price at $0.00001316, up 1.77% in the last 24 hours. Market capitalization is reported at $7.75 billion, with circulating supply at 589.24 trillion SHIB, aligning closely with the maximum supply of 589.55 trillion.
Long-Term Outlook and Key Levels
According to an observation by CW8900, a sell wall is present until $0.00001365, reflecting short-term resistance levels. Demand zones between $0.00001200 and $0.00001260 remain active, while stronger demand has been seen around $0.00001150. These zones continue to provide support during periods of downward pressure.
Technical analysts have set resistance targets at $0.00001650, while the larger projection points toward $0.0001 if current momentum sustains. The analysts forecast potential price growth of 160% toward $0.00003549, while other sources suggest $0.000017–$0.000025 as medium-term targets.
Market activity shows steady participation, with Binance reporting $18.1 million in 24-hour spot trading. Community engagement, Shibarium’s layer-2 adoption, and ongoing token burns continue to support long-term growth prospects. Based on these developments, SHIB remains positioned for a strong upward run, with $0.0001 seen as an achievable milestone.
