SHIB Rises Above The Ichimoku Cloud As Investors Turn Bullish

Shiba Inu (SHIB) has already emerged as one of the standout performers in 2025. Earlier this week, the meme crypto gained 9%, trading at $0.0000228, marking its highest price point so far this year. Despite this recent gain, SHIB is still trading at a notable 22% discount compared to the price of over $0.000029 it reached just a month ago, with many buying the dip.

A Positive Trend For SHIB

Notable market analyst Cantonese Cat highlighted an important shift on the two-week chart for Shiba Inu. The meme coin recently broke above the Ichimoku Cloud, a significant technical indicator commonly used to identify bullish trends.

A similar breakout occurred in December 2024, pushing Shiba Inu to a seven-month high above $0.000033. However, following this surge, the token experienced a correction, dropping to a low of $0.000018 by the end of the month.

Cantonese Cat confirmed this retracement, noting that after surpassing the resistance of the Ichimoku Cloud, SHIB retraced to the upper boundary of the cloud, establishing it as a new support level. This movement signals a return of bullish momentum for Shiba Inu.

Key Resistance Levels

The upper boundary is now functioning as a support zone for Shiba Inu, and analysts believe that maintaining this level could pave the way for further price increases. Cantonese Cat has identified the next resistance level for SHIB at approximately $0.000026. Should the token break through this barrier, it could potentially target the $0.000033 level once again.

Building on this optimistic outlook, analyst Javon Marks has set a more ambitious price target for Shiba Inu, forecasting a rise to $0.000081. This would represent nearly a threefold increase compared to its current price. Marks has consistently highlighted this level as significant, noting that it marks the point at which Shiba Inu&rsquos bullish momentum stalled during the 2021 cycle.