Shiba Inu (SHIB) Price Today Spikes 15% Testing Resistance Near $0.00001460

The Shiba Inu price today is trading near $0.00001460, after a sharp 15% rally that broke above a multi-week descending trendline.

The Shiba Inu price today is trading up around 15% in the past 24 hours, putting it back above a multi-week descending trendline.

After spending several sessions consolidating in the $0.0000123 area, SHIB surged on May 8-9, clearing a technical barrier at $0.0000135. This signals renewed buying interest following a prolonged correction phase from March 13’s yearly high.

The breakout was accompanied by a significant increase in volume, further reinforcing the bullish bias. Shiba Inu price has also now fully reclaimed its 20/50/100/200 EMA cluster on the 4-hour chart, with all EMAs realigned in bullish order—a structurally healthy signal for near-term upside.

SHIB Price Action Tests Key Technical Barriers

On the 4-hour and 30-minute timeframes, we can see a clean breakout from a falling wedge and inverse head-and-shoulders structure. Price has also now fully broken past trendline resistance around $0.00001365, putting the focus on the $0.00001460-$0.00001480 zone. This is the level of April’s local high, and it’s likely to deliver strong resistance.

RSI on the 30-minute chart is now climbing above 69, approaching overbought levels, while MACD remains in positive territory—though starting to flatten slightly. This could indicate some near-term exhaustion, but it’s not yet critical.

Shiba Inu is still above both short-term trendlines and has yet to confirm any bearish divergence, which means bulls are still in better shape.

Zooming out to the weekly chart, we see that SHIB bounced on the 0.786 Fibonacci retracement (around $0.00001080) and is now attempting to push toward the 0.618 retracement level at $0.00001945. That retracement zone could act as a medium-term magnet if current bullish momentum sustains.

Why Is Shiba Inu Price Up Today?

There are both technical and sentiment-driven catalysts for today’s Shiba Inu price rise.

Technically, SHIB was due for a breakout after weeks of compression within a tightening range. The recent cross above the EMA cluster and diagonal resistance released significant upside momentum.

If we look at the 30-minute chart, we can see a nearly perfect bullish flag formation that developed prior to the breakout. The measured move target from that breakout puts immediate resistance at $0.00001485-$0.00001500.

Clearing this zone on high volume could open the door for the next rally phase toward $0.00001550 and $0.00001620. But if the price struggles to stay above $0.00001460, a pullback toward $0.00001365 or even $0.00001300 is possible, especially as RSI cools down.

Outlook for May 10: Can Shiba Inu Sustain the Surge?

As we move into May 10, SHIB’s structure is still bullish, but it’s getting slightly extended. We can also expect more Shiba Inu price volatility today, increasing the likelihood of more rapid whipsaws on lower timeframes.

Shiba Inu traders should watch the $0.00001420-$0.00001460 band as the key battle zone. Staying above this level keeps the bulls in better shape and sets up a potential move toward $0.00001520.

However, failure to maintain this support may trigger a mild correction back to the $0.00001365 zone, which now acts as the critical pivot for bullish continuation.

The Ichimoku Cloud on the 4-hour chart shows a clear bullish twist, with price well above the cloud and Tenkan/Kijun lines crossing upward. This aligns with the broader uptrend, indicating that the bulls are still in control.

Shiba Inu Price Forecast Table

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