Shiba Inu Eyes 50% Rally as Key Breakout Nears Now

Shiba Inu continues to hold firm despite broader market uncertainty, signaling growing resilience in its price structure. The meme coin maintains key support while testing critical resistance zones that could define its next move. Analysts report that momentum is building, with price action suggesting a potential breakout scenario. A decisive move above current barriers could unlock a sharp upward rally in the near term.

SHIB Holds Support While Testing Key Resistance Levels

Shiba Inu has sustained strength above the $0.0000056 demand zone, reinforcing bullish sentiment among traders. Price stability at this level has allowed SHIB to challenge nearby resistance zones without losing footing. Market data shows that the token recently broke above a counter-trendline resistance neckline, signaling early momentum.

According to market analyst World of Charts, SHIB confirmed this breakout on March 13 after closing above $0.00000592. The analyst noted that the breakout has held firm, indicating sustained buying pressure. This move marked a shift in short-term structure, keeping bullish expectations intact.

However, SHIB now faces immediate resistance between $0.00000614 and $0.00000640. Historical price action shows repeated rejection at this zone on February 25, March 16, and March 25. Sellers have consistently stepped in at this level, preventing a sustained upward trend.

At the time of writing, Shiba Inu is trading at around $0.000005851, down by 2.77% in the past 24 hours.

SHIB Price Break Above Dual Barriers Could Trigger 50% Surge

World of Charts identified two major resistance barriers that remain critical for SHIB’s next move. These include the horizontal resistance zone and a higher descending trendline. The horizontal resistance sits closest to the current price and continues to cap upward attempts.

A confirmed breakout above this range would expose SHIB to the higher descending trendline. This trendline has acted as resistance since September 13, when SHIB dropped from $0.00001484. Since then, the token has formed lower highs and lower lows under this downward pressure.

The analyst explained that these two supply zones represent the final barriers before a larger price shift. A successful breakout above both levels could trigger a strong rally. Current price action suggests that SHIB is building momentum toward this move.

At the time of analysis, Shiba Inu trades around $0.000005851. A projected 50% rally from this level would push the price near $0.00000890. Market participants continue to monitor resistance levels closely as SHIB attempts to confirm its breakout structure.