SHIB Price Analysis of March 3, 2025: Explosive Breakout and Sudden Spike – Is $0.00001400 the New Battleground?

 Let’s delve into the SHIB technical analysis for March 3, 2025, and understand the indicators behind the bullish breakout, thereby also focussing on what can happen next!
Are you looking for a technical analysis of SHIB to understand the investing scope? Analyzing the recent SHIB breakout and other trends is a proven way to minimize losses. The SHIB trading chart on Binance, displayed in the 5-minute timeframe, illustrates significant price movements influenced by key technical levels and indicators. The price action showcases a breakout, formation of support and resistance zones, and a retracement from the peak price. Additionally, RSI and MACD indicators highlight momentum shifts that correlate with price movements. At 06:54 UTC on March 3, 2025, the SHIB price was 0.00001408 USDT, reflecting a 0.91% decline from the recent high.

A vital support level at 0.00001400 USDT is currently being tested by market dynamics for possible accumulation from the buying sides. A crypto price breakout was initiated at 15:10 UTC on March 2, 2025, as the market value exceeded 0.00001390 USDT, creating a powerful upward momentum. At that moment, the market produced a “Golden Cross” pattern on the MACD while the price breakout took place.

SHIB Bullish Breakout and Initial Price Surge

A bullish Golden Cross reveals itself with a short-term moving average breaking above the long-term moving average which indicates an upcoming uptrend. The price shortly advanced to 0.00001450 USDT after demonstrating a bullish breakout. SHIB entered a fresh trading zone spanning from 0.00001420 USDT (support level) to 0.00001520 USDT (resistance level) because of this fresh intensity in market momentum.

At UTC time 21:00, the SHIB pair reached its highest price, which was 0.00001520 USDT. A powerful barrier emerged at this leve,l which halted all price growth. The Relative Strength Index revealed overbought conditions since it exceeded 70 at this particular time.

Establishment of Resistance and Top Price

The selling activity caused SHIB to break the 0.00001520 USDT mark followed by a continual price drop. An analysis of historical highs shows that the price movement remains downward. The short-term MACD enabled users to detect an important bearish “Death Cross” warning that emerged at 02:30 UTC on March 3, 2025.

SHIB’s price experienced a substantial decline after this period. The Relative Strength Index shifted its position from its overbought zone above 70 past its neutral zone around 50 into its oversold zone below 30, which displayed rising bearish market forces.

Retracement and Support Test

The market value of SHIB returned to its past support location at 0.00001400 USDT exactly at 06:54 UTC on March 3, 2025. The support line maintained this level when prices rose, but we are currently observing its validation following the latest price fall from previous heights. A value of 34.96 on the RSI indicates possible slowing selling momentum while approaching an oversold zone at this time.

SHIB may experience either a rising movement or consolidation phase at this support zone before its next direction takes effect. Hesitancy among investors to support SHIB would lead to a potential price surge based on the current trends in RSI and MACD levels.

Future Prospects

SHIB shows bullish potential to rise from 0.00001400 USDT if it maintains its position above that support level towards 0.00001450 USDT. The requirement for confirmation includes both RSI exceeding 40 and MACD crossing above zero. A bearish situation will emerge if SHIB drops below 0.00001400 USDT leading it towards 0.00001360 USDT.

The SHIB price analysis demonstrates that the token faces an essential crossroads where bullish growth or bearish decline is possible. A Golden Cross on the MACD appeared during the SHIB bullish breakout on March 2, 2025, as an indicator of powerful upward market momentum. Note