- SHIB Above $0.00001350, Targets $0.00001576 Next
- TD Buy Signal Adds Strength to SHIB’s Rebound
- Long-Term Holders Up 2%, Accumulation Rises
Shiba Inu (SHIB) has continued its upward momentum after reclaiming the $0.000013 zone, with rising volume and increasing investor activity. The memecoin has now broken above key technical levels, supported by a rebound in Bitcoin and strong market participation. Analysts are monitoring a move toward higher resistance zones.
SHIB Price Approaches Breakout Levels
According to analysis prepared by CryptoELITES, Shiba Inu is currently positioned within a favorable buy zone. The report indicates that if current momentum holds, SHIB could potentially achieve a 14x to 17x price increase.
This outlook is based on its price structure, support zones, and the resurgence in broader crypto markets. As of April 23, SHIB was trading above $0.00001350, maintaining strength after closing above the 50-day exponential moving average.
TradingView data shows that more than 41 trillion SHIB is held between $0.000012 and $0.000013 by over 66,000 wallets, marking this area as a dense supply zone. Another 15 trillion tokens are positioned between $0.000013 and $0.000014, which may serve as the next key resistance. A close above this range could trigger a push toward $0.00001576.
Technical Indicators and Market Sentiment Support Uptrend
The Relative Strength Index (RSI) remains steady near 54, suggesting further upside potential without entering overbought conditions. A weekly TD Sequential indicator also flashed a buy signal, signaling a possible trend reversal, according to analyst Ali Martinez via X on April 22, 2025.
A double-bottom pattern is also forming, with a neckline near $0.00001565. If confirmed, this could project a rally toward $0.00002217. Long-term holder data from IntoTheBlock shows a 2.07% increase in wallets holding SHIB for over a year, indicating a shift toward long-term accumulation.
With Bitcoin trading above $94,000, analysts are watching SHIB for further moves. If market strength continues, price targets at $0.000037 or even $0.000081 remain on the table.
