Shiba Inu is showing renewed bullish momentum as the memecoin edges closer to a potential breakout above its key 200 Exponential Moving Average (EMA) line. Investor accumulation has been increasing steadily, driving optimism that SHIB could soon reclaim higher resistance levels. Market analysts report growing buying pressure near current lows, suggesting that confidence among SHIB holders is gradually returning. The memecoin’s recent consolidation phase may soon give way to a decisive move if the bulls maintain control. Rising Accumulation Signals Renewed Confidence The second-largest memecoin by market capitalization has been in an accumulation phase since it fell below $0.000007 in October of 2025. SHIB is trading at approximately $0.0000097; however, this has been a steady recovery supported by consistent investor interest. This accumulation trend shows that the buyers are slowly consuming the supply, hoping that the market can break out. TradingView analyst Swallow Academy highlighted in a Wednesday update that Shiba Inu is pushing for a bullish breakout toward the $0.00001256 level on the one-day timeframe. This target aligns with SHIB’s 200 EMA, a level that has acted as a significant technical barrier for months. The analyst noted that Shiba Inu has failed to break past the EMA line in three separate attempts since May 2025, each followed by a sharp decline in price. Swallow Academy emphasized that SHIB must first clear the resistance zone between $0.000011 and $0.000012 before testing the 200 EMA. He cautioned holders to remain patient, underscoring that the memecoin’s bullish structure would take time to develop. “Patience is key,” he wrote, suggesting that a sustained close above these levels could confirm the start of a stronger upward trend. Shiba Inu chart, Source: TradingView Analysts Eye $0.00001270 as Breakout Trigger Another TradingView analyst, MMBT Trader, shared a similar view regarding SHIB’s technical setup. He projected that if the token breaks through the $0.00001270 resistance level, it could potentially rally by 94%, marking one of its most significant surges of 2025. His analysis also pointed out that the price structure has shown consistently higher lows, an indication of strengthening market sentiment. The repeated rejections at the 200 EMA underscore the level’s importance as a defining threshold for SHIB’s next major move. Historically, the token has faced strong selling pressure each time it approached this region, making a breakout above it crucial for confirming a bullish reversal. At the time of writing, Shiba Inu is trading at $0.000009119, down by about 4.95% 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. SHIB price chart, Source: CoinMarketCap
