The post Shiba Inu Jumps Above Ichimoku Cloud, SHIB Price To $0.00003? appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) coin technical analysis looks impressive, indicating a bullish trend for the memecoin. Notably, SHIB has broken out of key resistance levels, surging above the daily Ichimoku Cloud. Market participants now watch to see whether this bullish trend will continue and if SHIB could rally towards $0.00003. Analyzing the Ichimoku Cloud for Shiba Inu Coin According to the latest data, SHIB price was trading at $0.00001351 at the time of writing. This price is above the daily Ichimoku Cloud, which is a bullish signal. The Ichimoku Cloud is a technical analysis tool that helps identify trend direction, support and resistance levels, and momentum. It consists of five lines and a “cloud” formed by two of them. If the price of an asset trades above the cloud, it signals upward momentum, while below the cloud indicates a bearish trend. For the Shiba Inu coin, the cloud is transitioning from red to green near the current price level. This move supports the idea of a potential trend reversal. It also suggests that SHIB is in an uptrend, aligning with the 2.05% increase over the past 24 hours. SHIB has found support at $0.00001254 and resistance at $0.00001375. The bullish crossover and green cloud transition support upward momentum. SHIB Price Analysis | Source: TradingView Additionally, the Coppock Curve is well above zero, at 21.14884298, indicating strong bullish momentum. This suggests that the SHIB price has likely bottomed and is in a long-term uptrend. The Coppock Curve is a momentum-based indicator used to identify long-term buying opportunities, especially in bull markets. This indicator is best for long-term investors. Hence, given its current level, SHIB may be a candidate for accumulation. Collectively, the Ichimoku Cloud and Coppock Curve indicators suggest Shiba Inu coin is in a bullish phase in the short term. Traders…

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Filed under: News - @ July 12, 2025 8:30 pm