Shiba Inu eyes next major critical barrier breakout as price surges 11% Advertisement

Disclaimer: The reddit borgata pokeropinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

• SHIB achieves crucial breakout
• Massive 531 trillion SHIB breakout anticipated next

Advertisement

The crypto market rebound rally has lately gained steam, with the perpetual futures market seeing an even greater spike in open interest, indicating rising investor confidence.

Bitcoin led the crypto market surge, jumping from $88,000 to more than $94,000, but major cryptocurrencies such as Shiba Inu also saw significant gains. Shiba Inu (SHIB) gained more than 11% as alternative cryptocurrencies referred to as altcoins outperformed in the Bitcoin-led market rise.

Related Mon, 04/21/2025 - 15:39 41 Trillion SHIB Range Hit: What Comes Next for Shiba Inu Price? Tomiwabold Olajide

HOT Stories Ripple’s Activity Spike Features 54,000,000 RLUSD, Here’s What Happened Saylor Reacts to Fed's Bitcoin U-Turn Ripple President: No IPO Yet Ethereum (ETH) Volume Explosion, Shiba Inu (SHIB) Skyrocketing Brutally Ended, Dogecoin (DOGE): Is $0.20 Still Possible?

Crypto derivatives were liquidated for $638.71 million in the last 24 hours, with bearish traders accounting for the vast majority. Shorts, or bets on lower prices, lost over $563 million amid a general unwinding of leveraged bets.

Advertisement

SHIB achieves crucial breakout

After three days of trading in a tight range since April 19, Shiba Inu's consolidation resolved to the upside in Tuesday's trading session, surpassing the daily SMA 50, currently at $0.00001252, which had capped its price action since December 2024.

Shiba Inu reached a high of $0.00001382 on Tuesday. The surge continued in Wednesday's session, hitting intraday highs of $0.00001392.

Related Tue, 04/22/2025 - 15:56 Shiba Inu Eyes Key Resistance Breakout in Bitcoin-Led Rally Godfrey Benjamin

At the time of writing, Shiba Inu was sustaining most of its daily gains, up 10.19% in the last 24 hours to $0.00001378. The recent move has also erased weekly losses, with SHIB up 19% in the previous seven days.

Massive 531 trillion SHIB breakout anticipated next

As Shiba Inu price returns into the green, market analysts are watching closely as 531 trillion SHIB tokens hover at a crucial resistance zone; a move above might unleash a massive price surge.

According to IntoTheBlock data, a massive 537.8 trillion SHIB is being held between $0.000014 and $0.000019 at an average price of $0.000016 by 145,160 addresses. If bulls break through this barrier, it could invalidate months of downward trading and reignite SHIB’s bullish momentum toward new highs with a target at $0.000022.