- SHIB’s technical breakout hints at bullish momentum, targeting key resistance levels.
- Ecosystem updates spark speculation, offsetting concerns over Shytoshi Kusama’s silence.
- Rising volume and price breakout boost SHIB’s potential for a 2x rally from key support.
Shiba Inu (SHIB) appears to be entering a potentially pivotal phase, as both market dynamics and ecosystem updates create a buzz across the crypto community. Trading at $0.00001423 the token recently experienced a 6.28% daily decline, it has posted an 11.01% gain over the past week, signaling renewed bullish interest.
Analysts and SHIB insiders suggest a shift could be underway as technical indicators point toward possible upside targets and confidence builds around ongoing project developments. As speculation swirls and trading volumes hover near $379 million, SHIB seems ready to capture market attention once again.
Technical Analysis Supports Breakout Momentum
Analyst Javon Marks identifies a compelling technical structure in SHIB’s chart, highlighting a breakout from a long-term descending trendline. This breakout, followed by a retest and hidden bullish divergence, sets the stage for further gains.
Marks notes that the current price, hovering around $0.0000115, reflects strengthening market support. He outlines major resistance at $0.000081 representing a potential 415% upside and further projects that a sustained rally could aim for $0.0001553, should bullish conditions persist.
$SHIB (Shiba Inu)'s prices are starting to return with signs of strength here but remains well broken out, meaning that this strength can pick up massively!
— JAVON⚡️MARKS (@JavonTM1) March 26, 2025
With prices still broken out, $0.000081 remains as the target which can result in an over 415% run to reach it… https://t.co/DngudfB7Kf pic.twitter.com/CEdKnktbt5
In parallel, another prominent chartist, World Of Charts, observes SHIB/USDT breaking free from a prolonged descending channel. The breakout, driven by increasing volume and bullish momentum, pushed SHIB above the $0.00001400 resistance. This zone now serves as critical support, while the next resistance is placed near $0.00003400, signaling a potential 2x move from the current level.
$Shib #Shib Breaking Descending Channel Range, Successful Breakout Could Lead Solid Rally In Coming Days, Expecting 2x After Successful Breakout. pic.twitter.com/V0YNZAI80m
— World Of Charts (@WorldOfCharts1) March 26, 2025
Ecosystem Developments Offset Leadership Silence
Beyond price action, community interest is also fueled by ongoing developments in the SHIB ecosystem. Concerns have emerged due to the prolonged silence of Shiba Inu lead developer Shytoshi Kusama, whose last activity on social media was earlier in March.
However, SHIB team representatives have stepped in to reassure the community. Team member Vet Kusama emphasized that work is progressing behind the scenes and hinted at upcoming updates.
Additionally, SHIB’s social media lead, Lucie, offered subtle cues that Shytoshi is focused on expanding the Shibarium ecosystem. A recent post referenced building “the next big thing,” reinforcing speculation that major developments are underway despite the public silence.
