The price of Shiba Inu (SHIB) aims for a 38% bullish after a bullish crossover appears.

The price of Shiba Inu (SHIB) is back in the race after rising 15% in the past week.

With a new bullish crossover on the daily chart and reserves on the exchange dropping to the lowest level of the year, SHIB’s current setup is very similar to the conditions before it had its last major breakout.

Shiba Inu exchange reserves hit a 12-month low

The reserves on the exchange of Shiba Inu have decreased to 83,803,217,156,857 tokens; the lowest in over a year, according to CryptoQuant. Based on the current price of SHIB at 0.00001358 USD, the total value of the SHIB tokens currently held on exchanges (83.8 trillion tokens) is approximately 1.14 billion USD.

This marks a significant decrease from over 150 trillion held on exchanges in 2024, indicating that selling pressure has eased.

Low supply on exchanges means tighter liquidity and higher price potential, especially when SHIB is currently trading at 0.00001358 USD.

Golden crossover appears “again”

A new bullish crossover has just occurred on the Shiba Inu chart. The 20-day EMA has crossed above the 50-day EMA; a signal known as a “golden crossover.”

This pattern occurred in May 2025, right around the level of 0.00001320 USD. At that time, SHIB had increased by nearly 34%, reaching a high of 0.00001765 USD. Interestingly, the current crossover has appeared at a nearly similar level; 0.00001358 USD, increasing the likelihood of history repeating itself.

The golden cross is a bullish technical indicator that shows momentum is shifting toward the buyers. When the short-term EMA moves above the long-term EMA, it usually means that a bullish trend may be starting.

SHIB price action indicates a potential increase of 38% if resistance is broken.

The price of Shiba Inu (SHIB) is currently facing a minor resistance level near 0.00001421 USD, which it has previously failed to reach. Additionally, the chart shows important supply zones at 0.00001468 USD, 0.00001577 USD, and 0.00001765 USD.

If the buyers reclaim these levels, the path will open towards 0.00001809 USD and 0.00001867 USD ( low resistance zone ), a potential increase of 33% – 38% from the current level, similar to the increase in May.

On the downside, immediate support is at 0.00001320 USD. This is the price area where a golden cross has occurred, followed by stronger support at 0.00001150 USD.

However, if the price of Shiba Inu falls below the support level of 0.00001282 USD and then the important support levels of 0.00001189 USD and 0.00001150 USD, the bullish trend will be invalidated. These levels could open the door for a deeper correction.

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