📈 SHIB Breaks Downtrend — Starting a Bullish Climb 🔥🐾
Shiba Inu just pierced its descending resistance line on the 8‑day chart—signaling a trend reversal🔥
On the 1‑hour chart:
SHIB has climbed above a key resistance zone (~0.00001510–0.00001550 USDT)
Now forming a potential retest → bounce setup
Close support lies near 0.00001400, with resistance at ~0.00001600–0.00001620
If the retest holds, SHIB could climb toward 0.00002497 (projected breakout-high), and potentially push further into the 0.00003–0.00005 range if broader momentum kicks in.
📰 Recent SHIB Highlights
AI & Burn Surge: SHIB recently spiked ~3%, hitting a 7‑week high as burn rates and AI whitepaper buzz fueled optimism
Technical breakout: Surpassed a 26‑day EMA resistance (~0.00001280) with +93% volume increase, RSI/MACD showing room to grow toward 0.000015
c
Price outlook: Analysts predict SHIB to reach ~0.000016 by July 23—about +9% upside in the next few days
Ecosystem strength: With Shibarium L2, NFT and metaverse initiatives, and strong community support, SHIB is seen as one of the top meme‑ecosystem plays
Market cap stands near $8.9B, same as Uniswap – highlighting SHIB’s heavyweight presence despite price lag.
CoinCodex
🎯 Trade Setup & Targets
Level Zone (USDT) Importance
Support 0.00001400–0.00001450 Ideal retest zone
Short Target 0.00001600–0.00001620 Near-term bounce objective
Mid Target 0.00002497 Measured breakout target
Sky’s Limit 0.000030–0.000045 If momentum aligns with narrative
Stop-loss can be placed just below 0.00001350 to protect against false breaks.
🐶 Punchlines for Chart Overlay
Top Chart (1‑hr):
“Bounce incoming? Shib's paws are itching for the bounce-off!” 🐾🔁
Bottom Chart (8‑day):
“8‑week high unlocked—time to dig for next bones!” 🦴📈
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Shiba Inu just pierced its descending resistance line on the 8‑day chart—signaling a trend reversal🔥
On the 1‑hour chart:
SHIB has climbed above a key resistance zone (~0.00001510–0.00001550 USDT)
Now forming a potential retest → bounce setup
Close support lies near 0.00001400, with resistance at ~0.00001600–0.00001620
If the retest holds, SHIB could climb toward 0.00002497 (projected breakout-high), and potentially push further into the 0.00003–0.00005 range if broader momentum kicks in.
📰 Recent SHIB Highlights
AI & Burn Surge: SHIB recently spiked ~3%, hitting a 7‑week high as burn rates and AI whitepaper buzz fueled optimism
Technical breakout: Surpassed a 26‑day EMA resistance (~0.00001280) with +93% volume increase, RSI/MACD showing room to grow toward 0.000015
c
Price outlook: Analysts predict SHIB to reach ~0.000016 by July 23—about +9% upside in the next few days
Ecosystem strength: With Shibarium L2, NFT and metaverse initiatives, and strong community support, SHIB is seen as one of the top meme‑ecosystem plays
Market cap stands near $8.9B, same as Uniswap – highlighting SHIB’s heavyweight presence despite price lag.
CoinCodex
🎯 Trade Setup & Targets
Level Zone (USDT) Importance
Support 0.00001400–0.00001450 Ideal retest zone
Short Target 0.00001600–0.00001620 Near-term bounce objective
Mid Target 0.00002497 Measured breakout target
Sky’s Limit 0.000030–0.000045 If momentum aligns with narrative
Stop-loss can be placed just below 0.00001350 to protect against false breaks.
🐶 Punchlines for Chart Overlay
Top Chart (1‑hr):
“Bounce incoming? Shib's paws are itching for the bounce-off!” 🐾🔁
Bottom Chart (8‑day):
“8‑week high unlocked—time to dig for next bones!” 🦴📈
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
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🐾 TOP DOGS TEAM is LIVE! 🚀 Join the $6M KCGI 2025 battle — Signals, Charts & Coaching included.
💰 Min: $100 | 🎯 Register by July 23
🔗 fxprofessor.com/top-dogs-team
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
💰 Min: $100 | 🎯 Register by July 23
🔗 fxprofessor.com/top-dogs-team
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.