Shiba Inu (SHIB) Skyrockets Again — Is a Break Above May’s High Just Moments Away?

Jakarta, Pintu News – The price of Shiba Inu (SHIB) brokeout again after a comprehensive rebound in the market. On July 3, the price has successfully reclaimed the $0.000012 level after being in a consolidation phase for several weeks.

This development brings the SHIB price back into the spotlight, as the token seeks to make a full recovery.

Although the recent rebound has been mild, this analysis suggests that theecoin has the potential to continue to break key resistance levels in the next few days.

SHIB Breaks Resistance

According to CCN, SHIB is showing signs of renewed strength after weeks of sluggish price movement. On the 4-hour chart (3/7), the token was previously stuck in a descending channel since May 11.

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However, that changed today when SHIB broke the upper trend line of the channel, signaling a possible shift in momentum.

This breakout came after a significant spike in buying activity. Over the past few months, SHIB has struggled to build meaningful accumulation, but that has now changed.

One of the indicators supporting this change is the Bull Bear Power (BBP), which has now reversed into positive territory, signaling that the bulls are now in control. The Awesome Oscillator (AO) has also turned green and entered positive territory, further strengthening the signal that bullish momentum is building.

If this trend holds, SHIB has the potential to extend its rally towards the next big resistance around $0.000014. However, the bulls will need to defend the support level at $0.000011 to keep the momentum alive.

If the price drops below that zone, then the breakout could be considered a failure. For now, SHIB seems to be gaining its footing again, and could potentially prepare for a stronger move ahead.

SHIB Price Analysis: Uptrend Potentially Continues

While some market watchers may consider this a false breakout, the daily chart shows differently. As seen below, SHIB prices have been moving within a falling triangle pattern since December 2024.

Just like on the 4-hour chart (3/7), the support level is at $0.000011. However, according to observations from the CCN website, the current value of SHIB is near the upper trend line of the descending triangle.

This position indicates that SHIB prices are trying to push through a big rally. However, buying pressure must increase to confirm this, and other indicators must also be in line.

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As of July 3, the Money Flow Index (MFI) is still in oversold territory. It needs to break above the neutral line to confirm a breakout.

This is possible as SHIB’s price has risen above the 20-day Exponential Moving Average (EMA). The rise above the 20 EMA (blue line) indicates that SHIB has strong support to continue trading at higher levels.

If this trend continues, the price of this crypto could go up to $0.000015. Increased buying pressure could even push the token higher towards $0.000019.

However, if there is a drop below the horizontal support level, then this prediction may not hold true. In such a scenario, SHIB prices may experience a further correction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Shiba Inu (SHIB) Price Breaks Out Again – May Highs Back in Sight. Accessed on July 4, 2025