Shiba Inu Mini could reach the next all-time high – SHIB price breaks through a critical level

Shiba Inu is currently experiencing a remarkable phase. The token is experiencing a steady rise at $0.0₅7472, demonstrating a robust trading volume of $86.64 million within 24 hours. With a market capitalization of $4.41 billion, the token’s value has increased by 0.75% over the past day. This movement indicates that interest in Shiba Inu Mini and the entire SHIB ecosystem is gaining momentum again.

Technical analysis reveals tension at the resistance line

The current price development is shaped by technical factors. The SHIB price initially experienced an impressive upward movement but then encountered significant resistance, triggering a correction. Some market participants, including the renowned analyst GainMuse, warn against excessive optimism. According to Gasmuse, while there was initial buying pressure, the movement quickly lost momentum.

The analysis illustrates a classic scenario: the price temporarily broke through the resistance zone but was unable to sustain this level. This means that Shiba Inu may need additional buyer activity or a longer consolidation phase to sustainably rise above this critical mark again.

Bullish perspective energizes the community

However, there are also optimistic voices within the SHIB community who hold a different view. The analyst CRYPTO SHIB presents a notably optimistic stance, suggesting that Shiba Inu Mini and the main token are already approaching a new high. In his view, an authentic all-time high could potentially be achieved within the current year.

This bullish attitude is supported by faith in the medium-term potential of SHIB. The community appears determined to hold their positions and expect further price gains.

Decisive phase for the coming weeks

The coming weeks could prove to be pivotal for Shiba Inu. The token is moving in a critical area where both a confirmation of the upward trend and a retreat into a correction phase are possible. The further development largely depends on market conditions and the overall economic crypto environment.

Currently, Shiba Inu remains under observation by traders and investors alike. The tension between technical resistance and community optimism makes the token a focal point of current market dynamics.