Shiba Inu (Shib), a popular meme-mint with dog theme, has broken its long-term consolidation and a large resistance level and positions itself for solid upward momentum. From today, March 25, 2025, with an upward movement of 6%, the Meme -Munt returns its extensive market.
Shiba Inu (ShIB) Technical analysis and upcoming levels
According to the technical analysis of experts, Shib Bullish seems because it is broken from a consolidation zone and a falling trend line that has been the resistance level since the beginning of January 2025.
With this breakout and an impressive price dump, the meme -Munt seems to form a bullish reversed head and shoulder pattern and is about to have another outbreak. Experts regard this pattern as a bullish signal, which indicates a potential recovery of the recent losses of Shib.
Based on recent price action and historic momentum, when the meme breaks out of the pattern and a daily candle closes above the level of $ 0.0000138, there is a strong possibility that it could increase 50% to reach $ 0.0000205 in the coming days.
Despite an impressive price destination, ShIB has not succeeded in reclaiming the 200 exponential advancing average (EMA) on the daily period, so that it stays in a downward trend.
Current price momentum
At the time of the press, Shib acts near $ 0.00001362, after he has risen by more than 7% for the past 24 hours. In the same period, the MEMEMUNT also saw an increase of 55% in the trade volume, which points to increased participation of traders and investors after the bullish price action.
Traders who exceeded the levels
After the bullish price promotion, intraday traders seem to take on the same prospects, as reported by the on-chain analysis company Coinglass.
Data shows that traders are currently being used too much for $ 0.0000132 at the bottom and $ 0.00001377 at the top, with $ 300k and $ 135k on long and short positions in the last 24 hours respectively.
These overlap positions indicate that bulls are currently dominating and the meme mint can push higher in the coming days.