- Shiba Inu approaches a pivotal 100 EMA test as trading volume rises, hinting at growing market activity and potential breakout momentum.
- The token’s price recovered from $0.0000120 support and is testing the $0.0000135 zone, where major resistance levels converge.
- RSI near 55 suggests further upside potential, but failure to hold $0.0000120 could renew bearish sentiment and extend the decline.
Shiba Inu is entering a decisive technical phase as price action tightens within a symmetrical triangle pattern. Following several weeks of muted trading and low volatility, the meme-inspired token is beginning to show signs of renewed strength. Market data indicates a clear increase in trading volume, reflecting a growing struggle between bullish and bearish forces attempting to determine the next significant market direction.
On the daily chart, Shiba Inu has consistently faced rejection near the 100-day exponential moving average, which has acted as dynamic resistance for months. However, the current attempt appears stronger, supported by improving market participation. The token recently bounced from the ascending trendline around $0.0000120 and climbed toward the $0.0000135 region, aligning with both the upper boundary of the consolidation pattern and the critical 100 EMA level.
Rising Volume Signals Renewed Trader Interest
Trading volume has begun to increase significantly, often a key signal that precedes sharp directional moves. Historical data shows that similar surges in volume have led to notable breakouts or swift reversals. The latest uptick suggests that institutional participants or large-scale traders may be positioning for an upcoming move, creating anticipation across the broader market.
If Shiba Inu decisively breaks above the $0.0000135 barrier, the next potential targets lie between $0.0000140 and $0.0000150. Such a move could signal a change in market structure, ending the multi-month downtrend that began in mid-summer. Conversely, failure to sustain momentum above the key averages could lead to renewed selling pressure. A drop below $0.0000125 or $0.0000120 may trigger further declines toward $0.0000115, reinforcing bearish sentiment.
Technical Indicators Reflect Balanced Momentum
The Relative Strength Index currently hovers near 55, suggesting moderate strength without overbought conditions. This reading indicates room for further price expansion if buying continues. Market participants are closely monitoring the next few daily closes, as they could determine whether the current rebound becomes a sustained uptrend or another false breakout within the tightening range.
