The post Shiba Inu (SHIB) Price Prediction & Analysis for July 12 appeared on BitcoinEthereumNews.com.

After months of sideways movement, Shiba Inu price today is showing renewed upside strength. The asset has broken above a descending trendline that had capped its recovery efforts since March. At the time of writing, Shiba Inu price is holding steady near $0.00001334 with increased momentum from both technical breakout signals and favorable on-chain flows. What’s Happening With Shiba Inu’s Price? SHIBUSD price dynamics (Source: TradingView) On the daily chart, SHIB has finally cleared a key descending trendline that stretched from the February 2025 swing high. This breakout follows sustained accumulation near the $0.00001100–$0.00001200 support cluster. The move has flipped previous resistance into support and triggered renewed bullish structure. SHIBUSD price dynamics (Source: TradingView) Smart Money Concepts indicators confirm this shift. A bullish CHoCH has formed above $0.00001240, while the BOS near $0.00001290 confirms upward intent. SHIB has now entered a low-liquidity zone that extends toward the $0.00001480 supply block. This area marks the next significant barrier before bulls can target the $0.00001600 zone. The breakout is also supported by increased volatility. The BBP indicator has turned positive for the first time in over two weeks, aligning with improved price structure. Why Shiba Inu Price Going Up Today? SHIB Spot Inflow/Outflow Data (Source: Coinglass) The reason behind the recent price strength lies in a combination of technical breakouts and on-chain confirmation. According to data from SHIB Spot Inflow/Outflow, netflows on July 11 remained negative, with over $621K in outflows. This behavior suggests investors are moving SHIB off exchanges, reducing sell-side pressure and reinforcing bullish sentiment. SHIBUSD price dynamics (Source: TradingView) From a short-term technical perspective, the 4-hour chart shows SHIB trading above all major EMAs. The 20/50/100/200 EMA cluster has turned bullish, with the 200 EMA now trailing well below at $0.00001205. Bollinger Bands have expanded following a volatility squeeze,…

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Filed under: News - @ July 11, 2025 3:24 pm