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SHIB price is rising as bulls lead early-weekend trading, with Shiba Inu (SHIB/USD) trading near $0.00001467 and technical indicators pointing to a possible move toward $0.000015–$0.000016 if daily closes hold above $0.00001428.
SHIB up 8.9% in 24h
Hourly false breakout at $0.00001483; daily close will guide the next leg.
Midterm range remains $0.000014–$0.000016 with upside targets at $0.00001550–$0.000016.
SHIB price: Shiba Inu price jumps 8.9%, stands at $0.00001467—watch daily close at $0.00001428 for a move to $0.000015+. Read the technical outlook.
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What is the current SHIB price outlook?
SHIB price is bullish on short time frames after an 8.9% 24-hour rise, trading at $0.00001467 at press time. If the daily bar closes above $0.00001428, the most likely short-term target is the $0.000015–$0.000016 area.
Bulls are controlling the market momentum according to CoinStats (plain text). TradingView (plain text) charts show an hourly false breakout and a decisive daily resistance test that will determine continuation.
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Top coins by CoinStats
How did SHIB move on hourly and daily charts?
On the hourly chart, SHIB experienced a false breakout at $0.00001483, signaling short-term volatility and a potential trap for late sellers. On the daily timeframe, the coin has cleared $0.00001428 resistance; a daily close near current prices would strengthen the bullish case and open $0.00001550–$0.000016 targets.
Image by TradingView
From a midterm perspective, SHIB remains inside a wide channel and is currently balanced between support and resistance. With neither side holding clear control, sideways trading between $0.000014 and $0.000016 is the base scenario.
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What are the key technical levels for traders?
Key levels to watch are short-term resistance at $0.00001483, confirmed daily support at $0.00001428, and upside targets at $0.00001500 and $0.00001550–$0.00001600. Risk management should focus on a close below $0.000014 as a sign of renewed range-bound pressure.
Image by TradingView
SHIB technical snapshot
Metric
Level
Current price
$0.00001467
Hourly resistance
$0.00001483
Daily support / breakout
$0.00001428
Short-term target
$0.00001500
Upside range
$0.00001550–$0.00001600
Frequently Asked Questions
Is SHIB/USD likely to reach $0.000016 soon?
SHIB can reach $0.000016 if bulls hold the $0.00001428 breakout and daily closes remain near current prices. The probability increases with sustained volume and no major market-wide sell-off. This is a technical projection, not financial advice.
How should traders interpret the hourly false breakout?
A false breakout on the hourly indicates short-term liquidity hunts and possible quick reversals. Traders should wait for a confirmed daily close above resistance or use tight position sizing to manage risk.
Key Takeaways
Momentum: Bulls lead after an 8.9% 24-hour gain.
Technical levels: Watch $0.00001428 (daily) and $0.00001483 (hourly).
Action: A confirmed daily close above $0.00001428 increases odds of a move to $0.000015–$0.000016.
Conclusion
This SHIB price update shows short-term bullish momentum while midterm range mechanics persist. Traders should monitor daily closes, volume, and the $0.00001428 support level. COINOTAG provides ongoing coverage and technical summaries; check updates for price confirmations and risk signals.
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