Shiba Inu (SHIB) is moving under sustained pressure, but its price action is starting to turn positive. Over the last 24 hours, the token has gained 6.35%, and on a weekly scale, SHIB has advanced by 7.73%.
At the time of writing, the token is trading at $0.00001209 with a 24-hour trading volume of $342.33 million, marking a sharp 133.82% increase from the previous day. Its market capitalization has also expanded by 6.42%, reaching $7.12 billion. These metrics highlight a renewed wave of activity that reflects broader market sentiment.
Also Read: Shiba Inu (SHIB) Price Prediction: Analysts Eye Potential Breakout Amid Market Volatility
According to analyst Crypto Zee, the token has confirmed a breakout from a long-standing descending trend line. This technical shift signals the potential for a strong rally. Currently, SHIB trades just above its breakout zone, reinforcing the bullish case. Analysts suggest that maintaining a position above $0.00001200–$0.00001250 will be crucial for sustaining momentum.
The next key resistance levels lie at $0.00001400–$0.00001450, with further potential to climb toward $0.00001600 and eventually $0.00001800. Such a move would mark a near 50% gain from current levels. On the downside, support zones remain around $0.00001200 and deeper at $0.00001120–$0.00001150, providing a cushion against renewed selling pressure.
The performance charts for 2024 and 2025 show clear differences. Last year, SHIB experienced extreme volatility, swinging from massive rallies to sharp corrections. Explosive gains of +145.2% in March were followed by steep losses of –32.3% in June. Recovery phases later in the year, such as +48.8% in November, balanced the sell-offs, making 2024 a rollercoaster period.
Conversely, 2025 was far quieter but constantly bearish. Just two of the last nine months did not close in negative territory, and those tiny comebacks in April and in July were small indeed. This trend suggests there have been no strong thrusts to the upside, typical of last year, and instead an overarching trend to the downside for 2025.
Community data also supports the positive sentiment. With 87% of one million votes coming in support of a positive future direction for SHIB, this near-universal positivity indicates bullish sentiment in the markets and growth potential in the coming future.
The 13% of voters also represented bearish sentiment, which shows there still exists a risk-averse segment in the markets. Positive sentiment, however, still overwhelmingly favors buyers, and it seems increasingly that more and more of the community believes SHIB will continue to trend in an upward trajectory in the coming future.
Also Read: Shiba Inu’s Price Surge: Late October and November Lead the Gains
Also read: New Crypto Presales to Buy Now Before Exchange Listings
