Shiba Inu (SHIB) continues to surge in price, breaking through long-term resistance and holding above the crucial $0.00001300 mark. Analysts are now predicting a rise towards $0.0001 in the near future. 📈 This momentum comes as SHIB’s adoption of Shibarium, continued token burns, and strong demand zones provide further support for its long-term growth.
The breakout is evident on the four-hour timeframe chart, where price action has successfully cleared a key descending resistance line. This significant move marks the first time in months that SHIB has surpassed this level of resistance. 📈🚀
According to market observers, these developments suggest a powerful long-term potential for SHIB.
Key Highlights:
– Breaking through long-term resistance
– Holding above $0.00001300 after the breakout
– Analysts target $0.0001 in near term and longer term
– Shibarium adoption, token burns, and demand zones are key drivers for continued growth.
The chart illustrates a positive structure for SHIB’s price movement, indicating a potential surge towards $0.0001 soon. This is bolstered by the current trading activity on Binance, which reflects steady participation from buyers.
The long-term outlook remains optimistic with demand zones remaining active around $0.00001200 and $0.00001260. Stronger demand has also been observed at lower levels like $0.00001150.
Analysts are forecasting a potential price increase of 160% to $0.00003549, and other sources suggest medium-term targets of between $0.000017–$0.000025.
Overall, the market activity is healthy with consistent buying activity supporting SHIB’s long-term potential.