Shiba Inu Finally Breaks Through Multi-Year Resistance... "Now It's Time for a 100% Rally"

▲ Shiba Inu (SHIB)/ChatGPT Generated Image

Shiba Inu (SHIB) has broken through the resistance line of a multi-year downtrend channel and is preparing for a full-fledged rally towards new price targets.

The Crypto Basic reported on April 28 (local time) that SHIB has broken through a major resistance zone and is currently undergoing a successful retest phase. SHIB has risen 3% in the past 24 hours, trading around $0.00000621. This rebound is the result of breaking through the upper resistance line of a multi-year downtrend channel that has been in place since November 2025. Analysts evaluate this structural change as a complete transition from a downtrend to an uptrend.

Technical indicators also support SHIB's strong upward momentum. The Moving Average Convergence Divergence (MACD) is currently forming a histogram in the positive territory, sending a buy signal. The Relative Strength Index (RSI) is at 55, demonstrating sufficient room for further gains before entering the overbought zone. In particular, the price is being pushed towards the upper Bollinger Band at $0.00000625. This indicates that market participants' buying confidence is gradually strengthening.

Key variables for this rally are the sharply increased burn rate and whale accumulation. Recently, SHIB's daily burn rate surged by 3,230%, rapidly reducing the circulating supply in the market. Simultaneously, a 'whale drain' phenomenon has been observed, where large investors (whales) move trillions of SHIB from exchanges to personal wallets. This supply shock acts as a catalyst to accelerate price increases. A decrease in available supply on exchanges is highly likely to cause explosive price movements if buying pressure flows in in the future.

Market experts have set SHIB's short-term price target in the range of $0.00000785 to $0.00000821. If this range is decisively broken, the next target expands to $0.00001038 to $0.00001261. This represents an expected return of approximately 100% or more compared to the current price. The bullish scenario is expected to remain valid as long as the strong support level formed around $0.00000600 is not broken.

SHIB has entered a new price discovery phase through a combination of strengthening fundamentals and technical indicators. The positive correlation between price and burn data demonstrates the robustness of this upward cycle. Market participants are watching for a break above $0.00001261, observing the start of SHIB's anticipated record-breaking surge. SHIB is now firmly recognized for its value as a digital asset driven by real supply and demand laws, beyond being a mere memecoin.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*