SHIB Price Prediction: Technical Indicators Signal SHIB Price To Break $0.000028 Next

Published by
SHIB Price Prediction: Technical Indicators Signal SHIB Price To Break $0.000028 Next

A minor pullback from the $0.000028 resistance tumbled the Shiba Inu(SHIB) price by 10%, hitting the $0.000025 mark. However, the buyers defended this flipped support and rebounded the price with a morning star candle. The SHIB price approaching the overhead resistance($0.000028) could provide a breakout opportunity.

Advertisement

 Key points: 

  • SHIB price shows sustainability above the 200-day EMA
  • The daily-RSI indicators surpass their previous swing high
  • The intraday trading volume in the Shiba Inu coin is $1.2 Billion, indicating an 18.5% drop.

Source- Tradingview

The SHIB/USDT pair showcased recovery signs from the second half of March as memecoin breached the $0.0000228 resistance. The post-retest rally accelerated the bullish momentum and pumped the altcoin 23.3% high to $0.000028.

The buyers made several attempts to pierce this resistance, but the aggressive sellers forced every candle to close below the $0.000028 mark, resulting in a bearish reversal. However, the sellers couldn’t pressurize the buyers for long as the combined support of $0.000025 and a cluster of EMAs(20, 50, 100, and 200) rebounded the altcoin with a morning star candle. 

Today, the NEAR price is up by 4.2% and gradually approaches the overhead resistance. A bullish breakout and closing above the $0.000028 level would indicate the traders are buying on dips, providing the next target 15.5% high at $0.0000327.

Alternatively, if the sellers maintain a stiff resistance at $0.000028 resistance, a possible reversal could violate the $0.000025 support this time.

Advertisement

Technical indicator

Concerning the previous swing high of $0.000028, the relative strength index(66) slope has surged higher into the bullish territory, suggesting an increase in buyer strength.

The bullish recovery has overcome a cluster of EMAs(20, 50, 100, and 200) at the $0.000025 mark. These EMAs lines reverted the recent pullback, indicating the prior resistance is flipped to support.

  • Resistance levels- $0.000028, and $0.000033
  • Support levels are $0.0000253 and $0.00002288
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025
  • Price Analysis

Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy

The Solana price continues to capture attention, with renewed focus coming from both analysts and…

October 2, 2025
  • Price Analysis

Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout

Cardano price continues to draw fresh attention as the market shows signs of renewed strength.…

October 2, 2025
  • Price Analysis

BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes

BONK price has drawn attention once again as its chart structure hints at renewed interest…

October 1, 2025
  • Price Analysis

Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth

Shiba Inu price has crashed in the past few months, moving from a high of…

October 1, 2025
  • Price Analysis

XRP Price Prediction After Ripple CTO David Schwartz Resigns

XRP price has shown renewed strength in the last 24 hours, recording a modest daily…

October 1, 2025