Shiba Inu (SHIB) could surprise cautious bears with a bullish rebound, says analyst GainMuse. With key support intact, the memecoin may steadily climb toward its upper resistance.
Source: GainMuseSHIB is trading at $0.0000055 per CoinGecko, with key support at $0.0000059–$0.0000061, while resistance lies in the $0.0000078–$0.0000081 zone.
Therefore, GainMuse says maintaining the lower channel is crucial for a cautiously bullish outlook. If the floor holds, SHIB could see a controlled short-term rally, even as 700 billion tokens recently flooded exchanges.
Shiba Inu Bulls Gain Momentum as 117B SHIB Exit Exchanges, Eyeing Key Resistance
On-chain data from CryptoQuant show 117 billion SHIB left exchanges in the past 24 hours, signaling easing selling pressure.
This massive outflow suggests long-term holders are absorbing supply, which historically precedes consolidation or upward momentum as tokens move into wallets less likely to sell.
What’s the key takeaway? Well, GainMuse highlights that if SHIB holds above $0.0000059, it could test resistance between $0.0000078–$0.0000081. A breach below this support may signal short-term weakness. Multiple analysts also predict that Shiba Inu could surge as high as 736% to $0.00005 by late 2026.
Well, Shiba Inu is showing a cautiously bullish setup as long as it holds above the channel base. Strong support, easing selling pressure, and major exchange outflows hint at a potential rebound.
Source: https://zycrypto.com/shiba-inu-surge-incoming-117-billion-shib-leaving-exchanges-sparks-bull-alert/
