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Shiba Inu ($SHIB) price is pushing hard for a possible breakout above its 200 EMA line, fueled by the rising accumulation of $SHIB by crypto investors.
The second-largest memecoin by market cap, $SHIB, has been in an accumulation phase since plummeting below $0.000007 in October 2025. Currently trading at $0.0000097 at the time of writing, Shiba Inu buyers have continued to build momentum.
Shiba Inu Targets 200EMA Line
In a Wednesday update, TradingView analyst Swallow Academy shared a $SHIB price outlook using a one-day timeframe chart. According to his analysis, Shiba Inu is pushing for a bullish breakout above the $0.00001256 price level.
Noting the recurring pressure from the 200 EMA region, he added that $SHIB holders need to exercise patience. “Patience is key,” he wrote.
TradingView crypto analyst MMBT Trader also shared a similar $SHIB price outlook in a recent analysis. According to him, $SHIB could stage a 94% surge if it breaks out above the $0.00001270 resistance level.
$SHIB in the Market
Notably, Shiba Inu ($SHIB) is trading at $0.0000097 at the time of writing, representing a 0.6% gain over the past 24 hours. It has recorded a price increase of 8.9% over the past seven days, a notable performance amid the short-term decline in the broader cryptocurrency market.
Amid rising investor interest in the meme token, analysts say that Shiba Inu will need to hold the crucial $0.00000959 support level for any further upswing.
cryptopolitan.com
coindesk.com
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