Key Takeaways:
- Shiba Inu breaks key downtrend, signaling early recovery.
- Support around $0.0000067; upside targets $0.0000170–$0.0000420.
- Golden cross confirms short-term bullish momentum.
- Accelerated token burns could drive potential rallies.
- Long-term caution advised amid mixed chart signals.
Shiba Inu Breaks Key Downtrend, Shows Bullish Momentum
Shiba Inu (SHIB) is signaling a promising early recovery after weeks of weakness in November 2025. The token recently broke a critical downward trendline, climbing approximately 4% and sparking renewed investor interest. Analysts suggest this breakout could mark the start of a potential bullish phase, provided momentum sustains.
Also Read: Shiba Inu (SHIB) Breaks Key Resistance: Analysts Predict 100% Rally to $0.00003
Support Levels and Potential Upside Targets
Key support for SHIB now sits around $0.0000067, giving traders a strong base to watch. On the upside, potential targets range from $0.0000170 to $0.0000420. If the breakout holds, investors could see gains between 150% and 500%, highlighting SHIB’s significant upside potential in the short to medium term.
Golden Cross and On-Chain Activity Signal Short-Term Strength
A golden cross was confirmed on November 28, 2025, signaling bullish momentum in the short term. This technical indicator, coupled with increased on-chain activity and easing bearish pressure, suggests a more positive outlook for SHIB’s price movement. Network metrics, including wallet growth and heightened trading activity, further support the notion of renewed investor confidence.
Also Read: Shiba Inu Shows Strength Amid Bearish Sentiment
Token Burn Acceleration as a Bullish Catalyst
Shiba Inu’s token burn rate has accelerated dramatically in recent weeks, effectively reducing circulating supply. Many traders view this supply contraction as a potential driver for future price rallies. As the network continues to test resistance levels around key price points, the combination of lower supply and heightened demand could amplify bullish momentum.
Caution Amid Mixed Long-Term Signals
Despite positive short-term indicators, long-term charts show mixed signals. Investors should exercise caution and monitor SHIB’s performance closely, particularly around resistance levels and broader market trends. A sustained bull run is possible, but it requires confirmation through consistent price action and ongoing network growth.
Shiba Inu’s recent developments suggest an intriguing combination of technical strength and ecosystem growth. For traders, closely watching support, resistance, and supply dynamics could provide actionable insights for potential gains.
