SHIB — Starting a Bullish Climb?📈 SHIB Breaks Downtrend — Starting a Bullish Climb 🔥🐾
Shiba Inu just pierced its descending resistance line on the 8‑day chart—signaling a trend reversal🔥
On the 1‑hour chart:
SHIB has climbed above a key resistance zone (~0.00001510–0.00001550 USDT)
Now forming a potential retest → bounce setup
Close support lies near 0.00001400, with resistance at ~0.00001600–0.00001620
If the retest holds, SHIB could climb toward 0.00002497 (projected breakout-high), and potentially push further into the 0.00003–0.00005 range if broader momentum kicks in.
📰 Recent SHIB Highlights
AI & Burn Surge: SHIB recently spiked ~3%, hitting a 7‑week high as burn rates and AI whitepaper buzz fueled optimism
Technical breakout: Surpassed a 26‑day EMA resistance (~0.00001280) with +93% volume increase, RSI/MACD showing room to grow toward 0.000015
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Price outlook: Analysts predict SHIB to reach ~0.000016 by July 23—about +9% upside in the next few days
Ecosystem strength: With Shibarium L2, NFT and metaverse initiatives, and strong community support, SHIB is seen as one of the top meme‑ecosystem plays
Market cap stands near $8.9B, same as Uniswap – highlighting SHIB’s heavyweight presence despite price lag.
CoinCodex
🎯 Trade Setup & Targets
Level Zone (USDT) Importance
Support 0.00001400–0.00001450 Ideal retest zone
Short Target 0.00001600–0.00001620 Near-term bounce objective
Mid Target 0.00002497 Measured breakout target
Sky’s Limit 0.000030–0.000045 If momentum aligns with narrative
Stop-loss can be placed just below 0.00001350 to protect against false breaks.
🐶 Punchlines for Chart Overlay
Top Chart (1‑hr):
“Bounce incoming? Shib's paws are itching for the bounce-off!” 🐾🔁
Bottom Chart (8‑day):
“8‑week high unlocked—time to dig for next bones!” 🦴📈
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
