Shiba Inu (SHIB) is testing a key resistance zone after weeks of price consolidation. Over the past 30 days, SHIB has declined by 20%, struggling to gain traction despite Bitcoin’s rebound from $76,000, which has supported broader market sentiment.

However, recent price action suggests a potential shift in momentum, with buyers defending critical support levels. If SHIB can confirm a breakout above the 50-day moving average, a significant trend reversal could be underway.

SHIB’s Technical Outlook

On the 4-hour chart, SHIB is trading near the upper boundary of a falling wedge pattern, a structure often associated with bullish breakouts. Historically, SHIB has struggled to overcome its 50-day moving average, which has acted as a strong dynamic resistance.

Analysts note that if Bitcoin maintains its upward momentum, SHIB could follow suit, strengthening its recovery potential. However, confirmation of a bullish breakout will require a decisive close above the MA 50 on higher-than-average trading volume.

Potential Price Targets

If SHIB breaks out of the falling wedge, it could initially target $0,00001305, a level that aligns with previous resistance zones. Further bullish momentum could push SHIB toward $0,00001375 and $0,00001485, with a final breakout aiming for the $0,00001565 level.

On the downside, failure to clear resistance may lead to continued consolidation, or a retest of support near $0,00001180, where demand has previously shown strength. Traders should monitor volume and market sentiment closely to gauge the likelihood of a sustained rally.