Shiba Inu (SHIB) Nears Major Breakout: Is a Sharp Price Move About to Begin?

Shiba Inu (SHIB) has remained in the spotlight of the market, with traders reviewing its chart process, shifting momentum, and the current price action at various times. The asset has been active in the daily trade levels, and traders are observing the major resistance points that might affect its subsequent directional shift.

As of press time, Shiba Inu is trading at $0.000008645, and its price has fallen by 2.27% in the last 24 hours. Trading volume has declined by 32.63% and now stands at $71.56 million. The token has risen by 8.04% over the past week. Analysts are still assessing both short-term and weekly signals.

Source: CoinMarketCap

Shiba Inu Nears Key Resistance With Falling Wedge Tightening

Analyst Jonathan Carter has highlighted that Shiba Inu has reached the top end of a falling wedge pattern on the weekly chart. The building is approaching the completion stage. Buyer activity has been growing with the formation tightening around the resistance.

The analyst noted that the confirmed breakout was likely to drive the price towards levels of $0.000010, $0.000013, $0.000016, $0.000022, and $0.000033. These levels are progressive upward movements. They need to follow through regularly after the breakout has been confirmed.

Source: X

Moreover, another analyst, Whales Crypto, mentioned that Shiba Inu is also trading within a falling triangle on the daily chart. The development reveals evident resistance beyond the trading levels. A break higher than that could cause the price to be directed towards the level of $0.00002486.

Source: X

Also Read: How High Can Shiba Inu (SHIB) Rise in January 2026?

RSI and MACD Signal a Shift in Trend Momentum

The Relative Strength Index is at about 58.48 on the daily chart. Its signal line is placed at about 54.05. These readings show a medium-level strength in the trend. They also exhibit a recent downturn after a steep upsurge.

The MACD line is close to 0.000000026, and the signal line is close to 0.000000011. The histogram is still on the positive side. It also demonstrates slightly slowing down in momentum. Traders have been monitoring this indicator to record changes that can affirm a better direction.

Source: TradingView

Trading volume Falls as Open Interest Rises

According to CoinGlass data, the trading volume has decreased by 37.23% to $104.34 million. The open interest is up by 1.18%, and it is currently at $110.73 million. The OI-weighted interest rate stands at 0.0037% and indicates neutral positioning among leveraged traders.

Source: CoinGlass

Shiba Inu is continuing to be held steady as the market analyzes its wedge and triangle structures. The indicators represent mixed impetus indicators. The trend will depend on the coming wave of resistance levels to either continue or stagnate in the short run.

Also Read: Fartcoin Slips Below $0.40, Charts Point to $0.50 Target Ahead