thecryptobasic.com
Shiba Inu (SHIB) price is pushing hard for a possible breakout above its 200 EMA line, fueled by the rising accumulation of SHIB by crypto investors.
The second-largest memecoin by market cap, SHIB, has been in an accumulation phase since plummeting below $0.000007 in October 2025. Currently trading at $0.0000097 at the time of writing, Shiba Inu buyers have continued to build momentum.
Shiba Inu Targets 200EMA Line
In a Wednesday update, TradingView analyst Swallow Academy shared a SHIB price outlook using a one-day timeframe chart. According to his analysis, Shiba Inu is pushing for a bullish breakout above the $0.00001256 price level.
Noting the recurring pressure from the 200 EMA region, he added that SHIB holders need to exercise patience. “Patience is key,” he wrote.
TradingView crypto analyst MMBT Trader also shared a similar SHIB price outlook in a recent analysis. According to him, SHIB could stage a 94% surge if it breaks out above the $0.00001270 resistance level.
SHIB in the Market
Notably, Shiba Inu (SHIB) is trading at $0.0000097 at the time of writing, representing a 0.6% gain 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.
Amid rising investor interest in the meme token, analysts say that Shiba Inu will need to hold the crucial $0.00000959 support level for any further upswing.