How High Can Shiba Inu Price Go By April 2025?

Highlights:

• Shiba Inu price shows positive momentum with potential breakout signals.
• A key resistance level near 0.00001500 could trigger further gains for the SHIB price.
• Technical indicators for the meme coin suggest SHIB could rise by at least 20%.

Shiba Inu (SHIB) price has seen a 5% increase in the last 24 hours, sparking growing optimism for a potential bullish breakout. Over the past week, SHIB has risen by 10%, although it experienced a 15% dip in the last month. Despite this, technical indicators suggest that a breakout could be imminent. 

The total cryptocurrency market continues to display upward pressure because its market capitalization rose by 2%, and trading activity spiked by 75%. Bitcoin (BTC) maintains a position above $88,000 together with Ethereum (ETH) trading at $2,000 support, which generates a positive market outlook for alternative cryptocurrencies.

SHIB is currently holding above the $0.000013 support level, with a 24-hour trading volume of $194.48 million.

Could SHIB Price See a 20% Increase Soon?

SHIB cryptocurrency reveals indications of price appreciation potential in its forthcoming trajectory. The cryptocurrency has been recently analyzed to show that breaking its current resistance level will trigger a Head and Shoulders (H&S) bottoming pattern. Technical analysts view this price pattern as an indicator of market shift because it announces the conclusion of falling prices followed by upward movement.

A price increase of at least 20% in $SHIB could occur if it succeeds in cracking through its present resistance level in the forthcoming market action, according to market analysts. A price elevation would attract additional traders and investors who wish to benefit from positive trends that build up cryptocurrency value in market positions.

If $SHIB can break through the resistance in the next move, it will confirm a bottoming pattern (H&S)

This could lead to at least a 20% price increase! pic.twitter.com/NF9ncpFrPQ

— Satori (@Satori_BTC) March 25, 2025

Shiba Inu Price Analysis

The SHIB price has seen an upward trend in recent hours, recording a modest increase of 3% in the past 24 hours. At the time of writing, the meme coin is currently trading at 0.00001375, eyeing more gains ahead. The price action has seen significant consolidation around key resistance levels, with potential for further gains.

The Moving Average Convergence Divergence (MACD) indicator is showing bullish signs. The MACD line has crossed above the signal line, which often signals further upward movement. Additionally, the CMF (Chaikin Money Flow) is at 0.08 on the 4-hour chart, indicating that buying pressure is still present, supporting the potential for more upside in the short term.

Key Levels to Watch

The price value of SHIB moves near an essential resistance threshold at 0.00001500 USDT. A successful breakdown of this price level would lead to anticipated barriers at 0.00001800 USDT before reaching the important 0.00002000 USDT mark. The upcoming price barriers will challenge the newly gained upward momentum.

The current support level stands at 0.00001200 USDT. Further price declines might activate support at 0.00001000 USDT after the current price level of 0.00001200 USDT. The current market sentiment indicates positive conditions that indicate SHIB might continue its upward price trend.