Shiba Inu (SHIB) is demonstrating significant bullish momentum after breaking through the critical 200-day EMA barrier and the long-standing resistance level of $0.00001500, a ceiling that historically suppressed price rallies. The breakout is supported by a substantial surge in whale activity, with over 615 trillion SHIB transferred in large transactions within 24 hours – the highest volume observed in a month, signaling heightened institutional interest.
Technically, SHIB has established a pattern of higher lows and bullish consolidations, reinforced by a golden crossover where the 50 EMA crossed above the 100 EMA. The token is now testing the next resistance at $0.00001720, with a successful breach potentially paving the way to the psychologically significant $0.00002 level, last reached in early 2024. Daily RSI readings above 80 indicate overbought conditions, but sustained volume growth suggests momentum may continue as traders anticipate further gains.
Market sentiment around meme coins is improving, and broader altcoin stability could amplify SHIB's upside. However, failure to hold above the $0.0000145 support zone may trigger a retracement toward $0.000013. The alignment of technical indicators and whale accumulation patterns resembles textbook breakout setups, though overbought RSI warrants caution for short-term pullbacks.