SHIB Builds Momentum Near Key Resistance As Traders Eye $0.00001500 Target

SHIB is testing $0.00001450 after steady gains, with $0.00001500 as the next potential target.

Immediate support at $0.00001367 and secondary support at $0.00001352 help maintain stability amid upward momentum.

SHIB shows gains against BTC (2.4%) and ETH (3.0%), indicating strength in relative market value.

Shiba Inu (SHIB) is approaching a critical resistance area near $0.00001450 after a consistent upward push in recent sessions. The action has been consistent, with buyers repeatedly pushing the token from recent lows

Current market prices see SHIB trading near $0.00001418, a 1.87% decrease in the ongoing candle movement. The resistance area is crucial since a successful break above it may establish the next price target near $0.00001500.

SHIB Tests Resistance After Rebound From Support Zone

The token’s recent climb follows a rebound from the lower support range. SHIB saw price stabilization above $0.00001367, which acted as an initial support base. A secondary support is positioned slightly lower at $0.00001352, providing another cushion if selling pressure intensifies. The market has seen a soft day's decline of 0.7%, with SHIB currently trading on broader tracking at $0.00001372.

Traders are closely observing the $0.00001415 region, which is still the closest resistance. Breaking this level would most likely highlight $0.00001450 as the next significant hurdle. The proximity to the $0.00001500 target means that more attention will be on whether bearish pressure will persist in the coming days. On the downside, maintaining the prices steady above $0.00001367 will be crucial to sustain the recent trend.

SHIB Holds Near Critical Resistance as Momentum Builds

SHIB has increased by 2.4 percent over the measurement period against Bitcoin, which it trades at 0.091125 BTC. Against Ethereum, it has been trading at 0.082893 ETH, indicating a 3.0 % increase. These performance changes represent motion in the relative value amid significant pairings Market players are still monitoring the relationship between support and resistance levels as trading proceeds with the 0.00001450 level acting as a key level of the near term trend. SHIB also stays relatively close to an important resistance, and traders pay attention to the price of $0.00001450. Price stability is still held by support levels at $0.00001367 and $0.00001352 as market momentum builds up.