Shiba Inu (SHIB) exhibits robust technical positioning that could catalyze a 20% price surge, anchored by a critical demand zone and reinforcing bullish momentum.
The token’s weekly close above the $0.00001200-$0.00001300 support range at $0.00001334 strengthens the bullish outlook. This demand zone has demonstrated historical resilience as a support base, with recent retests confirming its technical significance.
SHIB is approaching the upper Bollinger Band at $0.00001554, signaling building upward momentum that could propel prices toward April highs. Concurrently, the token has invalidated a bearish trendline established in May and decisively broken above its 20-week moving average, further supporting positive sentiment.
Realizing the projected 20% upside hinges on conquering resistance near $0.00001550, which requires sustained buying pressure to validate the breakout scenario.