June 16, 2025 — SHIBA INU (SHIB/USD) formed a descending channel pattern on the 4-hour chart.
A descending channel pattern appears when price moves between two downward-sloping parallel trendlines, indicating a consistent series of lower highs and lower lows.
If SHIB confirms a breakout above the upper boundary of this channel, the price may rise by approximately 45% from the current level of $0.00001212, targeting a move toward $0.00001750.
The 50-period Exponential Moving Average (EMA), currently at $0.00001242, acts as dynamic resistance. A strong breakout above this EMA, paired with volume increase, could trigger a bullish reversal and initiate the upward move.
The price has already rebounded from the lower boundary of the channel. This reaction, combined with the narrowing structure, often precedes a breakout attempt. If buying pressure continues, SHIB may reach the projected target in the coming sessions.
SHIBA INU RSI Signals Momentum Shift Toward Bullish Breakout
The 4-hour Relative Strength Index (RSI) for SHIBA INU (SHIB/USD) stands at 46.50, with the RSI-based moving average at 41.47.
The Relative Strength Index is a momentum indicator that measures the speed and change of price movements on a scale from 0 to 100.
An RSI reading near 50 indicates neutral momentum, meaning SHIB is neither overbought (above 70) nor oversold (below 30). However, the RSI line crossing above its moving average suggests a slight shift toward bullish momentum.
If the RSI continues rising and crosses the 50 level with strong price support, this could strengthen the case for an upside breakout from the descending channel seen in the price chart. This momentum shift may support the projected 45% price increase toward $0.00001750.
