The post Shiba Inu (SHIB) breaks long-term resistance, eyes on 32% rally appeared on BitcoinEthereumNews.com.

Shiba Inu [SHIB] ended its prolonged bearish trend and broke out of a strong resistance level that had capped its price action since September 2025. At press time, the SHIB was trading at $0.0000079, up 8.5% over the past 24 hours. Alongside the price surge, investor and trader participation also strengthened, as trading volume jumped 96% to $228.5 million during the same period. This rise in trading volume alongside the price increase suggests that market participants are showing strong interest in SHIB’s current trend, pointing to a bullish signal for holders. SHIB price action and technical analysis The key catalyst potentially driving the massive surge in SHIB’s trading volume is its price action. According to technical analysis, SHIB has successfully broken out of a descending trendline on the daily chart that had capped its price action since September 2025. Following this breakout, the path for further upside appears largely clear, as no major hurdles are visible on the chart. Source: TradingView If SHIB can hold above the $0.00000763 level, it may gain another 32% and climb toward $0.00001057 in the coming days. This bullish outlook, however, depends on the price staying above $0.00000763, a breakdown below that level would invalidate the setup. Technical indicators add context. At the time of writing, the Average Directional Index (ADX) has risen to 27, crossing the key threshold of 25 and signaling a strong trend.  At the same time, the Chaikin Money Flow (CMF) sat at -0.12, showing that capital outflows still slightly outweigh inflows, which reflects cautious buying pressure. Traders eyes on long-leveraged positions  Besides price action and technical analysis, derivatives data from CoinGlass has also strengthened SHIB’s bullish outlook. According to the latest data, intraday traders are heavily over-leveraged at $0.0000078 on the lower side and $0.00000844 on the upper side. At these levels, traders…

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Filed under: News - @ January 3, 2026 11:02 pm