Altcoins News
By Evie Vavasseur
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Key Resistance Levels and Buy Zones. Technical analysis from TradingView analyst MBM_Crypto highlights a major descending trendline…
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Bullish Patterns Support Potential Upside. Another technical perspective comes from TradingView analyst Lingrid, who points out the presence…
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Holder Distribution and Resistance Cluster. Additional insight comes from IntoTheBlock’s Global In/Out of the Money chart, which highlights…
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What This Means for Traders and Investors. For traders aiming to capitalize on Shiba Inu’s price moves, the next few days are critical.
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Risks and Considerations. It’s important to remember that Shiba Inu is a volatile asset, influenced by broader market trends…
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Conclusion. Shiba Inu is approaching a pivotal stage as it faces key resistance levels that have limited its…
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Shiba Inu (SHIB) is at an important point as it tests a major resistance level after a week of moderate price movement.
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Technical analysis from TradingView analyst MBM_Crypto highlights a major descending trendline that has served as a consistent ceiling for Shiba Inu’s price since March 5, 2024.
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For example, after falling to $0.00001086 in August 2024, SHIB rallied again but was capped near $0.00003344 in December 2024. More recently, on May 12, 2025, SHIB touched $0.
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According to MBM_Crypto, the critical buy level to watch is $0.0000185. Traders aiming to position themselves ahead of a potential breakout are advised to enter near this level.
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Another technical perspective comes from TradingView analyst Lingrid, who points out the presence of a wedge pattern combined with strong trendline support near $0.00001373.
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Lingrid identifies a buy zone between $0.00001350 and $0.00001373. A breakout above the wedge pattern could act as a trigger for further price gains.
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However, caution is advised, as a sustained breakdown below $0.00001350 would invalidate the bullish outlook.
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Additional insight comes from IntoTheBlock’s Global In/Out of the Money chart, which highlights holder positioning near current price levels.
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This cluster creates a significant resistance area, as many holders may look to sell once prices near their break-even point.
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