Crypto News Today: Shiba Inu Charts Signal Breakout — Is a SHIB Price Surge Coming?

One of the most popular meme coins in the market is Shiba Inu (SHIB. And now, it is back in the spotlight. SHIB has bounced back impressively from the 2025 lows and has since gained 30%, but it’s currently fighting it out at a critical resistance zone. Traders and analysts are waiting to see if this marks the beginning of an upward price appreciation for the SHIB price surge or if it’s just another fakeout in a long list of fakeouts.

With Bitcoin recently crossing $90,000 and taking the crypto market along for the ride, there’s increasing optimism that altcoins like Shiba Inu (SHIB) could be ready for a breakout, but there are many technical and on-chain signals hinting that SHIB still has some fights ahead before moving higher.

Why SHIB’s Current Levels Matter More Than Ever

As of April 23, SHIB is trading around $0.00001370 and has reclaimed its 50-day exponential moving average. This move is typically seen as a bullish signal, but it doesn’t guarantee upward momentum. The real hurdle lies in the dense liquidity zone between $0.000012 and $0.000013, where over 66,000 addresses hold more than 41 trillion tokens.

Chart 1- SHIBA/USD 1-Week-Price, published on TradingView, April 23, 2025.

This range acts as a psychological wall and a technical barrier. Many of these holders are waiting to break even and could sell quickly if the price rises, creating intense resistance for any SHIB price surge.

A second resistance cluster is forming just above this, between $0.000013 and $0.000014, where another 15 trillion tokens are sitting. These are held by “out-of-the-money” investors who could also apply pressure by exiting positions during rallies. This creates a challenging situation for bulls looking to drive price momentum.

Are Technical Indicators Signaling a Breakout for SHIB?

Analyst Ali Martinez has also identified the TD Sequential, a technical analysis tool to identify reversals, from the weekly chart on SHIB. The TD Sequential recently reported a buy signal. This would imply a low likelihood of downside and increases the odds of a price action rally. Additionally, it appears that there may be an emerging bullish double-bottom pattern around the $0.00001070 zone, with the neckline around $0.00001565. If the validation happens, SHIB may reach a price target of 0.00002217, roughly a 70% move from current levels. 

#ShibaInu $SHIB may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart! pic.twitter.com/GHQRRm0Fqq

— Ali (@ali_charts) April 21, 2025

Although there is resistance ahead, a few technicals appear positive. The Relative Strength Index (RSI) is currently slightly above 54, suggesting that the asset isn’t overbought and is ready to move.  There is also a bullish divergence formation under the Bollinger Bands, suggesting price momentum appears to be building.

Can Shibarium and Token Burns Support a SHIB Price Surge?

Fundamentals are also coming into play. The Shiba Inu ecosystem continues to develop, as Shibarium’s layer-2 network eclipsed 1 billion transactions. This indicates growing adoption and real-world utility for the token, which could potentially add long-term value.

Moreover, the project’s ongoing SHIB token burn strategy is reducing the circulating supply. This mechanism could support a SHIB price surge by improving token scarcity over time. However, caution remains among the community. Shiba Inu’s marketing lead, LUCIE, recently reminded users to stay alert for scammers and impersonators, especially during volatile market conditions.

SHIB’s Future Hinges on Breakout Momentum

With over 22 trillion tokens currently positioned just above SHIB’s trading price, bulls will need serious momentum, both technical and fundamental, to break through and sustain a rally. If Bitcoin continues its climb and Shibarium usage grows, the odds of a sustained SHIB price surge may finally be improving.

SHIB is at a critical crossroads. With strong resistance ahead and the possibility of a double-bottom pattern forming, Shiba Inu could be on the verge of a major breakout. However, much depends on Bitcoin’s rally, on-chain liquidity zones, and ongoing SHIB token burns. The setup is there. Now, it’s a question of whether bulls have enough fuel to push SHIB higher or if another rejection is around the corner.