Analyst MMBTtrader suggests the Shiba Inu (SHIB) price rally hasn't begun yet, with true bullish momentum contingent on breaking a long-term descending trendline. Here's a detailed breakdown of the technical outlook, support levels, and market dynamics shaping SHIB's potential upswing.
Current SHIB Price Action: Resistance and Volatility
Between May 10–16, 2025, SHIB traded between $0.00001460–$0.00001730, facing repeated rejections at higher levels. These price reversals indicate:
- Strong resistance zones
- Profit-taking by short-term traders
- Absence of confirmed bullish momentum despite volatility
👉 Explore crypto market trends to contextualize SHIB's movements.
The Descending Trendline: A Critical Barrier
A TradingView analysis by MMBTtrader identifies a dominant trendline that has suppressed SHIB since early 2024. Key observations:
- Dynamic Resistance: The trendline has capped rallies, preventing higher highs.
- Breakout Trigger: A confirmed close above this trendline could ignite sustained bullish momentum, targeting $0.000033 (a 121.75% rise from current levels).
Projected Resistance Levels:
- $0.000026 (current)
- $0.00002044 (estimated future level before breakout)
"Real bullish candles—high volume and sharp price surges—will only emerge post-breakout. Until then, the pump hasn’t started." — MMBTtrader
Support Levels: Foundations for a Rally
SHIB’s price stability hinges on these key zones:
- Major Historical Support: $0.00000582–$0.00000676 (green zone on daily charts).
- Local Triple Bottom: $0.00001067, indicating strong buy-side interest.
Whale Accumulation vs. Retail Exit
Data from IntoTheBlock reveals shifting ownership trends:
- Whales: +1.53% (30-day increase in holdings).
- Mid Investors: -4.69%.
- Retail: -0.47%.
This suggests:
- Large holders are accumulating, potentially reducing sell pressure.
- Retail exits may delay volatility but strengthen long-term stability.
👉 Track whale movements for real-time insights.
FAQ: Shiba Inu Price Predictions
Q1: When could SHIB hit $0.000033?
A: Post-breakout of the descending trendline, likely in weeks/months depending on volume and market sentiment.
Q2: What’s the biggest obstacle to SHIB’s rally?
A: The trendline resistance—until broken, bearish pressure persists.
Q3: Are whales bullish on SHIB?
A: Yes, their increased holdings signal confidence, but retail exits may slow short-term gains.
Q4: Is $0.000006 a safe buy zone?
A: Historically strong, but always verify with current market data and risk management.
Disclaimer: This analysis is informational only. Conduct independent research before investing. The Crypto Basic bears no liability for financial decisions.
### Keywords Identified and Integrated:
1. **Shiba Inu price rally**
2. **Descending trendline breakout**
3. **SHIB support levels**
4. **Whale accumulation**
5. **$0.000033 target**