Shiba Inu Price Targets 38% Rally After Golden Crossover Signal

Shiba Inu price has surged 15% this week, positioning itself for a potential major breakout. The meme cryptocurrency shows strong bullish signals with a fresh golden crossover pattern and declining exchange reserves reaching 12-month lows.

SHIB Exchange Reserves Drop to Yearly Lows

Shiba Inu exchange reserves have plummeted to 83.8 trillion tokens, marking the lowest level in over 12 months. At the current SHIB price of $0.00001358, this represents approximately $1.14 billion worth of tokens held on exchanges.

This significant decline from the 150 trillion tokens held on exchanges in 2024 indicates reduced selling pressure. Lower exchange reserves typically create tighter liquidity conditions, which can lead to enhanced price volatility and upward momentum when demand increases.

The reduction in available supply on exchanges suggests that long-term holders are accumulating SHIB tokens, removing them from immediate selling pressure. This dynamic creates a more favorable environment for price appreciation.

Golden Crossover Pattern Emerges on Daily Chart

A bullish golden crossover has formed on the Shiba Inu daily chart, with the 20-day exponential moving average crossing above the 50-day EMA. This technical pattern historically signals the beginning of upward price momentum.

The crossover occurred at approximately $0.00001358, remarkably similar to the May 2025 pattern that triggered a 34% price surge. During that previous rally, SHIB reached a high of $0.00001765 from the $0.00001320 crossover level.

Golden crossovers represent a shift in market sentiment, indicating that short-term price momentum is accelerating above longer-term trends. This pattern often precedes sustained upward price movements in trending markets.

Technical Analysis Points to 38% Upside Potential

SHIB price currently faces resistance at $0.00001421, a level that previously rejected upward price attempts. Above this immediate barrier, key supply zones exist at $0.00001468, $0.00001577, and $0.00001765.

If bulls successfully break through these resistance levels, the path opens toward $0.00001809 and $0.00001867. These targets represent a potential 33% to 38% increase from current price levels, mirroring the magnitude of the May rally.

The technical setup suggests that breaking the $0.00001421 resistance could trigger accelerated buying activity, potentially driving SHIB toward the upper resistance zones.

Critical Support Levels Remain Intact

Immediate support for SHIB price sits at $0.00001320, the same level where the golden crossover signal emerged. This price zone has proven significant in previous trading sessions and represents a key level for maintaining bullish momentum.

Additional support exists at $0.00001150, providing a stronger foundation for the current upward structure. These support levels are crucial for validating the bullish thesis and maintaining upward price trajectory.

However, a break below $0.00001282 would signal potential weakness in the bullish setup. Further declines through $0.00001189 and $0.00001150 would invalidate the positive outlook and could trigger deeper corrections.

Market Sentiment Shifts Toward Bullish Territory

The combination of reduced exchange reserves and technical breakout signals suggests improving market sentiment for Shiba Inu. These factors often align during periods of sustained price appreciation in cryptocurrency markets.

The current setup closely mirrors conditions that preceded SHIB's previous major rally, indicating that similar price action could emerge. Market participants are positioning for potential upward momentum as technical indicators align favorably.

Risk Factors and Considerations

Despite bullish signals, SHIB price remains subject to broader cryptocurrency market conditions and sentiment shifts. The success of the projected rally depends on maintaining support levels and breaking through identified resistance zones.

Traders should monitor the $0.00001421 resistance level closely, as failure to break higher could result in sideways consolidation or potential retracement toward support areas.

Conclusion

Shiba Inu price shows strong potential for a 38% rally based on current technical analysis and on-chain metrics. The golden crossover pattern, combined with reduced exchange reserves, creates favorable conditions for upward price movement.

The similarity to previous successful breakout patterns suggests that SHIB could be positioning for significant gains. However, breaking key resistance levels remains crucial for validating the bullish thesis and achieving the projected price targets.