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Shiba Inuis gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB’s market structure. Historically, moving averages serve as dynamic support and resistance levels, and reclaiming the 100-day SMA often signals renewed upward potential.
If SHIB can sustain this breakout, it could pave the way for further gains, attracting more bullish interest and potentially triggering a rally toward higher resistance levels. However, traders remain cautious, as maintaining this momentum is key to confirming a trend reversal. Any failure to hold above the moving average may invite renewed selling pressure, leading to a possible retest of support zones . Market Sentiment Shifts: Are Shiba Inu Buyers Gaining Control?
Shiba Inu’s recent price movement above the 100-day moving average suggests a potential shift in marketsentiment, with buyers showing renewed interest. Increased trading volume and a steady uptrend indicate that an upside trajectory could be building, challenging the previous dominance of sellers. Related Reading Shiba Inu Price Eyes 250% Surge Amid Falling Wedge Breakout 1 month ago
SHIB’s price trading above the 100-day SMA signals growing bullishmomentum, turning this level into key support. Additionally, the MACD and signal line trending above the zero line reinforce positive sentiment, suggesting buyers are gaining control. If momentum holds, SHIB might sustain its upward move, but overcoming resistanceremains crucial. SHIB’s gaining upward strength | Source: SHIBUSDT on Tradingview.com
However, for buyers to fully take control, SHIB must sustain its gains to confirm a stronger uptrend. If the momentumcontinues, confidence in the market is likely to rise, attracting more investors and fueling further upside.
A decisive breakout above this level, supported by rising trading volume, could strongly confirm bullish strength. Such a move may trigger increased buying pressure, paving the way for an extended rally toward the immediate resistance level at $0.00001703. Additionally, breaking past this resistance could invalidate bearishexpectations and set the stage for a potential test of higher resistance zones such as $0.00002045 and $0.00002631. Support Zones To Watch In Case Of A Pullback
Should Shiba Inu face a pullback, key support zones will play a crucial role in determining whether the bullish trend can hold or if bearswill take control. The first level to watch is the 100-day SMA, which has now turned into support. SHIB’s maintenance above this level signals strength and renewed buying interest. Related Reading Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging 2 months ago
However, when selling pressure increases, the next critical support zone lies around $0.00001272, where buyers might attempt to stabilize the price and prevent further downside. A break below this level will bring the price toward $0.00000847 or even lower. Holding above these support zones is essential for SHIB to sustain its bullish outlook and avoid a deeper correction. SHIB trading at $0.000013 on the 1D chart | Source: SHIBUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com