Shiba Inu (SHIB), a well-liked dog-themed meme coin, has breached its extended consolidation and a serious resistance stage, positioning itself for enormous upside momentum. As of at present, March 25, 2025, with a 6% upward transfer, the meme coin is reversing its prolonged market downturn.
Shiba Inu (SHIB) Technical Evaluation and Upcoming Ranges
In line with skilled technical evaluation, SHIB seems bullish because it has damaged out of a consolidation zone and a descending trendline that has acted as a resistance stage because the starting of January 2025.
With this breakout and a powerful worth surge, the meme coin appears to be forming a bullish inverted head and shoulders sample and is on the verge of one other breakout. Consultants view this sample as a bullish sign, indicating a possible restoration of SHIB’s current losses.
Based mostly on current worth motion and historic momentum, if the meme coin breaks out of the sample and closes a every day candle above the $0.0000138 stage, there’s a robust chance it may soar 50% to achieve $0.0000205 within the coming days.
Regardless of a powerful worth surge, SHIB has didn’t reclaim the 200 Exponential Transferring Common (EMA) on the every day timeframe, preserving it in a downtrend.
Present Value Momentum
At press time, SHIB is buying and selling close to $0.00001362, having surged over 7% up to now 24 hours. Throughout the identical interval, the meme coin has additionally seen a 55% enhance in buying and selling quantity, indicating heightened participation from merchants and traders following the bullish worth motion.
Merchants Over-Leveraged Ranges
Following the bullish worth motion, intraday merchants look like adopting the identical outlook, as reported by the on-chain analytics agency Coinglass.
Knowledge reveals that merchants are at present over-leveraged at $0.0000132 on the decrease aspect and $0.00001377 on the higher aspect, having constructed $300K and $135K value of lengthy and quick positions, respectively, up to now 24 hours.
These overleveraged positions point out that bulls are at present dominating and will push the meme coin increased within the coming days.