Introduction
Shiba Inu (SHIB), the well-known meme coin, is showing strong signs of a price rally. Recently, SHIB’s price touched $0.00001358, and technical indicators point toward a possible 38% surge. This bullish outlook is driven by several factors detailed below.
Technical Indicators: The Golden Crossover
A key bullish signal known as the “golden crossover” has occurred, where the 20-day Exponential Moving Average (EMA) crossed above the 50-day EMA. This pattern previously led to a 34% price increase in May 2025.
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Exchange Reserves at a 12-Month Low
Data from CryptoQuant shows SHIB’s exchange reserves have dropped to about 83.8 trillion tokens — the lowest in over a year. Lower exchange reserves often indicate reduced selling pressure, supporting upward price momentum.
Price Targets and Resistance Levels
SHIB currently faces resistance at $0.00001421, with further hurdles at $0.00001468, $0.00001577, and $0.00001765. Surpassing these levels could open the way to $0.00001809 and $0.00001867, which represent 33%-38% gains.
Support Levels and Risk Management
Support is currently at $0.00001320, near the golden crossover point, and stronger support lies at $0.00001150. Breaching these levels might invalidate the bullish trend, signaling caution for traders.
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Conclusion
Shiba Inu’s golden crossover and shrinking exchange reserves present an encouraging setup for a significant rally. However, investors should manage risks carefully and monitor key price levels.