Shiba Inu (SHIB) has surged past critical resistance levels, indicating potential upward momentum toward the $0.00002 threshold. The meme cryptocurrency successfully breached both the 200-day Exponential Moving Average (EMA) and the psychological barrier at $0.00001500, strengthening bullish sentiment among traders.
Technical indicators reinforce this optimism, with the Relative Strength Index (RSI) exceeding 80 and a golden cross formation—where the 50 EMA crossed above the 100 EMA—signaling sustained buying pressure. These dynamics suggest continued upward trajectory potential for SHIB.
Broader market conditions further support SHIB’s rise, as renewed interest in meme coins aligns with positive momentum across the cryptocurrency sector. The token now faces a decisive test at the $0.00001720 resistance level, which could determine its ability to reach the $0.00002 target.
While overbought conditions may trigger short-term profit-taking or minor pullbacks, analysts emphasize the overarching uptrend remains intact. Traders are monitoring volatility but maintain confidence in SHIB’s technical foundations for continued growth.