Shiba Inu (SHIB), a piece of memes on the popular theme on the theme of dogs, violated its prolonged consolidation and a major level of resistance, positioning itself for a massive rise. To date, on March 25, 2025, with an upward movement of 6%, the same in reverse its slowdown in the prolonged market.
Technical analysis of Shiba Inu (SCH) and upcoming levels
According to an expert technical analysis, SHIB seems bullied because it broke out of a consolidation zone and a descending trend line which acted as a level of resistance since the beginning of January 2025.
With this impressive escape and overvoltage, the meme’s piece seems to form a bullish inverted head and shoulder model and is on the edge of another escape. Experts consider this model as a bullish signal, indicating a potential recovery of the recent SHIB losses.
Based on the action of recent prices and the historic impulse, if the same part leaves the scheme and closes a daily candle above the level of $ 0.0000138, there is a high possibility that it can rise to 50% to reach $ 0.000020205 in the coming days.
Despite a sharp increase in prices, Shib failed to recover the exponential mobile average (EMA) from the daily time, keeping it in a downward trend.
Current price momen
At the time of the press, SHIB is negotiated nearly 0.00001362, having increased by more than 7% in the last 24 hours. During the same period, the memes part also experienced a 55% increase in the volume of exchanges, indicating increased participation of traders and investors following the Haussier price action.
Traders on-leverage
Following the Haussier price action, the intraday traders seem to adopt the same perspectives, as reported by the Coinglass chain analysis company.
The data reveal that the traders are currently over-placed at $ 0.0000132 on the lower side and $ 0.00001,377 on the upper side, having built $ 300,000 and $ 135,000 in long and short positions, respectively, in the last 24 hours.
These overvalued positions indicate that the bulls are currently dominating and could push the room above in the coming days.
