Shiba Inu Price hovered near $0.0000061 on Sunday as the token moved through a brief consolidation period. The market shows SHIB approaching a critical level that may determine whether a recovery can begin after a prolonged decline.
Recently, the meme coin has been showing a significant technical indicator, which indicates a possibility of a changing condition despite the persistent downward play. The price of Shiba Inu is hovering below a significant resistance area. A confirmed breakout above this barrier may open the door for fresh upward movement in the sessions ahead over the coming days.
Factors That Could Trigger a Bullish Surge in Shiba Inu Price
A recovery across the crypto market could provide a strong tailwind. Bitcoin price continues to hold above the $67,000 level, while Ethereum price trades firmly above $1,900. Historically, the gains in the major cryptocurrencies tend to be transferred to meme tokens.
Holders are also much concerned with supply dynamics. The circulating supply of Shiba Inu remains high in comparison to some of its counterparts. The recent data indicates that the burn rate decreased by 49% in the last 24 hours.
The circulation of SHIB tokens was reduced by approximately 3.45 million. The number is small, but the number of sustained and severe burns may change the mood. The decreased supply can reinforce the stories of scarcity and stimulate the demand toward speculation.
Another factor is the development inside the Shibarium ecosystem. Shibarium is the Layer-2 scaling network of Shiba Inu. Further adoption may equate to the expansion of transactions in the ecosystem.
Increased decentralization application, gaming, and DeFi project presence would support its utility argument. Advanced utility has the potential to slowly rebrand SHIB in ways that are not about its origins of memes.
Whale buying may pull down token supply in exchanges. That movement is sometimes an indicator of confidence by seasoned investors. Such movements are taken by the retail traders as a sign of a bullish market. Positive sentiment can be increased by on-chain information indicating active build-up.
Short-term direction can also be impacted by technical signals. Analysts are also monitoring decisive breaks above the set resistance areas. The increase in trading volumes, together with the positive chart patterns, may validate an upward trend.
Interest in other top meme tokens, such as Dogecoin, Pepe, and Bonk, can also be inverted. In case that sector sparks, SHIB might receive revitalized speculative flows.
Is SHIB Preparing for a Breakout Above Key Resistance?
The SHIB price traded at $0.00000618 as market pressure, with a 4% decrease over the past 24-hours.
The MACD was approaching the zero line and indicated weak momentum. The signal line had moved above the MACD line, indicating a weakening bullish momentum.
The RSI was 35, and this put SHIB near the oversold area. This reading indicated an increasing bearish pressure, and yet also indicated that there was a possibility of a short-term rebound.
A decisive move above $0.00000650 could open the way toward $0.0000070. Strong follow-through may target the next resistance at $0.00000750. A breakout above this level may send the future Shiba Inu outlook toward $0.000011, which remains a major upside target.
Source: SHIB/UIISDT 4-hour chart: TradingviewThe inability to support the $0.0000060 could add to bearish momentum. The breakdown would result in a drop to $0.00000550. Additional weakness can challenge the lower band around $0.0000050, and buyers can make an attempt to defend.
Source: https://coingape.com/markets/shiba-inu-price-feb-2026-will-shib-rise-soon/
