Historic Shiba Inu (SHIB) Patterns Highlight Key Resistance and Future Liquidity Targets

Notably, Shiba Inu (SHIB) showed signs of mild volatility in its latest trading session, maintaining a narrow range between $0.00001333 and $0.0000138. Despite a slight intraday decline of 1.4%, SHIB remains up by 6.1%

Trader Mike pointed out that Shiba Inu (SHIB) has shown mild volatility in its latest trading session. The token remained in a narrow range between $0.00001333 and $0.0000138, and despite a slight intraday decline of 1.4%, it’s still up by 6.1% over the past week.

Shiba Inu: Key Resistance Levels

The technical analyst highlighted the token’s major bull run from September 27 to October 25, 2021, during which SHIB surged from roughly $0.00000600 to $0.00008869. According to his analysis, this uptrend featured strong buying activity, represented by large candlesticks.

Following this peak, SHIB entered an extended bearish period lasting from November 1, 2021, to February 19, 2024. During this phase, the candlesticks became notably weaker, often displaying significant wicks, which Trader Mike attributed to market manipulation rather than purely organic selling pressure.

Importantly, he noted consistent buyer presence despite the overall decline. Building on this, he emphasized SHIB’s key resistance at $0.00003000, which he termed the “Trend Killer.” Notably, SHIB has tested this level but has yet to achieve a clean break above it.

Key Entry Points and Liquidity Targets

Trader Mike shared that he entered a SHIB position following a bullish daily candle close on April 9, 2025, when the token was trading around $0.0000167.

From this position, he identified several projected liquidity zones, starting with a near-term target at $0.00004529, a 249% increase from his entry. Other critical targets include $0.00004595, $0.00005414, $0.00007526, and the $0.008869 level last seen during the 2021 rally.

As for what happened next, Trader Mike stated that he exited his SHIB position after the token experienced a rejection at the Fib 0.618 level, leading to a bearish engulfing candlestick pattern.

Shiba Inu: Further Optimism

At the same time, further optimism emerged from another analyst known as Rose Premium Signals on X. This analyst observed that SHIB had broken out of a falling wedge pattern, a typical bullish signal.

Such breakouts often signal bullish reversals, and Rose Premium Signals identified potential price targets at $0.00001510, $0.00001850, $0.00002110, and $0.00002460 levels.

Finally, data from CoinGlass revealed that SHIB’s Futures Open Interest nearly doubled in April, surging from less than $97 million to almost $190 million by April 27.

This surge in open interest occurred alongside SHIB’s price gains, which is usually a positive sign as it indicates new capital entering the market through leveraged long positions.