$SHIB Shiba Inu Coin recently broke a multi-day downtrend, successfully crossing a key resistance line that has been in place since September last year. The short-term bullish signals are quite clear. Currently trading around $0.0000079, with an 8.5% increase over the past 24 hours, accompanied by a trading volume surge of 96% to $228.5 million. Market enthusiasm has noticeably picked up.

From the candlestick chart, SHIB has already broken through the daily downtrend, and the short-term upward direction is fairly clear. As long as it holds above the key support line at $0.00000763, there could be a 32% upside in the next few days, with the next target possibly around $0.00001057. The ADX indicator shows a strong signal, but the Money Flow Index is slightly negative, indicating that buying interest is still cautious. Don’t expect everything to go smoothly; you should still be cautious of correction risks.
Looking at derivatives market data is even more interesting. Today, long positions amount to about $1.11 million, while shorts are only $705,550. Longs clearly have the advantage, and traders generally do not expect SHIB to fall below support in the short term. This suggests that market confidence is strengthening.
Overall, SHIB has genuine momentum in the short term, and the battle between bulls and bears is quite evident. Trading volume, technical signals, and leverage data all support a bullish outlook, and the price may continue to test higher levels. But the key is to keep an eye on those critical support levels and the risk of pullbacks, adjusting positions and pace flexibly—that’s the way to stay safe.