SHIB is forming higher lows and building momentum after bouncing off support multiple times. The chart shows a clean uptrend with buyers stepping in every time the price dips. Breaking above $0.0000133 could open the door to $0.0000135 – $0.0000138, but failing here might send it back to the drawing board.
What's Driving the Move
The meme coin rotation is real. While Bitcoin sits in limbo, retail traders are hunting for action in altcoins, and SHIB always gets love during these phases. Community hype is building steam on social media, with influencers pushing the narrative that bigger moves are coming. Technically, SHIB held its key support beautifully and is now testing upper resistance levels – exactly what you want to see before a breakout.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SHIB News: Is the Next Rally Starting?
Current Price Action
The numbers tell the story:
SHIB is forming higher lows and building momentum after bouncing off support multiple times. The chart shows a clean uptrend with buyers stepping in every time the price dips. Breaking above $0.0000133 could open the door to $0.0000135 – $0.0000138, but failing here might send it back to the drawing board.
What's Driving the Move
The meme coin rotation is real. While Bitcoin sits in limbo, retail traders are hunting for action in altcoins, and SHIB always gets love during these phases. Community hype is building steam on social media, with influencers pushing the narrative that bigger moves are coming. Technically, SHIB held its key support beautifully and is now testing upper resistance levels – exactly what you want to see before a breakout.