Key Highlights
- Shiba Inu (SHIB) broke above a trendline resistance and is trading around $0.00000610, showing early signs of a trend change.
- A retest near $0.0000055 is likely before the next rally, with $0.00000728 as a key target.
Shiba Inu’s (SHIB) current price action is displaying signs of a possible shift to the upside after weeks of trading sideways.
At the time of writing, SHIB is trading around $0.00000613, up 1.04% from an intraday low of $0.000006047 in the last 24 hours. While momentum is starting to improve, a retest of the $0.0000055–$0.0000058 zone remains likely before any sustained push toward the $0.0000068 level can take shape.
The token has been ranging between $0.00000724 and $0.00000510 since February 2026. However, it recently broke above a trendline that had stopped its price from rising for almost two months.
SHIB breaks out of bullish flag pattern
Looking at the daily price action, SHIB is holding above the 23-day and 50-day moving averages, which indicates that the price is stabilizing.
Throughout March, the token has been easing up on forming higher lows, which is a sign that selling pressure is reducing and buyers may start to take control.
At the same time, a double bullish divergence has appeared on the Relative Strength Index (RSI). This means that even when the price stayed flat or slightly went down, the underlying momentum was moving in favor of buyers.
This type of pattern shows that buyers are slowly collecting SHIB at the current price, and such quiet accumulation often comes before bigger moves once a trigger appears.
In addition, SHIB has broken above the $0.00000504 range, a level that had blocked the token from moving higher before. A strong weekly close above this zone could confirm the breakout
A short pullback before the actual move
Despite the breakout, there is still a possibility that the price could enter a short-term pullback or retest to around $0.0000055, an area that previously attracted liquidity, before the big move.
If the level is respected by buyers, SHIB could surge towards $0.00000644, which is the short-term swing high, where the next cluster of orders and liquidity sits. At the same time, the inflow of exchanges seems to support this bullish sentiment.
In the past 48 hours, about 800 billion SHIB, worth around $4.8 million at current prices, has moved into trading platforms, according to data from CryptoQuant. This means that more capital is entering the market, and investors are planning to take long positions during this correction phase.
Looking ahead, key resistance levels will guide SHIB’s next moves. If SHIB closes above $0.0000068 by the end of the first quarter, it could trigger more surge to $0.00000728, especially from institutional investors.
Also Read: XRP Stays Near $1.41 as Traders Watch for Breakout
