Shiba Inu ($SHIB ) Market Update: 10% Surge Tests Critical Trendline, $0.0000063 Breakout in Focus
$SHIB is trading near **$0.00000601**, up nearly **10% in 24 hours**, reclaiming the $0.0000053 weekly support band and pushing directly into a descending trendline that has capped gains since May.
Technical Setup: SHIB now sits above all four major daily EMAs (20, 50, 100, 200), a fully bullish moving-average stack. RSI has climbed above 60 but remains below overbought territory, suggesting room for further upside. The key test is the $0.0000063** trendline—a daily close above it would mark a significant technical breakout and open the path toward **$0.0000067 and beyond.
Warning Signs: The rally is derivatives-driven, not burn-driven. Burn activity crashed 97.48%, with daily burns falling toward zero—meaning supply reduction is not fueling this move. Exchange inflows have also ticked up, with the 7-day average inflow rising 24.12%, adding potential sell-side pressure.
Binance Trade Setup:$SHIB A cautious long only on a confirmed close above $0.0000063** with volume, targeting **$0.0000067–$0.0000070**, stop below **$0.0000053. If rejected at the trendline, expect a pullback to $0.0000053. DYOR — meme volatility is extreme.
#shiba⚡ #Shibalnu #MEME #analises #Binance
$SHIB is trading near **$0.00000601**, up nearly **10% in 24 hours**, reclaiming the $0.0000053 weekly support band and pushing directly into a descending trendline that has capped gains since May.
Technical Setup: SHIB now sits above all four major daily EMAs (20, 50, 100, 200), a fully bullish moving-average stack. RSI has climbed above 60 but remains below overbought territory, suggesting room for further upside. The key test is the $0.0000063** trendline—a daily close above it would mark a significant technical breakout and open the path toward **$0.0000067 and beyond.
Warning Signs: The rally is derivatives-driven, not burn-driven. Burn activity crashed 97.48%, with daily burns falling toward zero—meaning supply reduction is not fueling this move. Exchange inflows have also ticked up, with the 7-day average inflow rising 24.12%, adding potential sell-side pressure.
Binance Trade Setup:$SHIB A cautious long only on a confirmed close above $0.0000063** with volume, targeting **$0.0000067–$0.0000070**, stop below **$0.0000053. If rejected at the trendline, expect a pullback to $0.0000053. DYOR — meme volatility is extreme.
#shiba⚡ #Shibalnu #MEME #analises #Binance