After consolidating all April, SHIB’s break above $0.000011 and bullish MDIA shift suggest a run toward $0.000019 | Credit: Hameem Sarwar
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Key Takeaways
After trading between $0.000010 and $0.000014 throughout April, SHIB may exit consolidation with bullish momentum.
A confirmed breakout above the neckline at $0.000011 supports the potential trend reversal from bearish to bullish.
A drop in the 90-day Mean Dollar Invested Age (MDIA) suggests previously idle SHIB is now circulating.
If SHIB breaks the $0.000015 resistance, the next target could be the 0.618 Fibonacci level around $0.000019.
For most of April, Shiba Inu’s (SHIB) price traded between $0.000010 and $0.000014. But as a new month begins, the meme coin could be set to exit this consolidation phase.
This potential price action contradicts the cryptocurrency’s performance during the first quarter of 2025.
In this analysis, CCN reveals the technical indicators supporting this move and what could happen if SHIB’s price fails to follow this thesis.
SHIB Ready to Break Resistance
On the daily SHIB/USD chart, the memecoin formed an inverse head and shoulders pattern. The inverse head and shoulders is a bullish reversal pattern that typically forms after a downtrend, indicating that a shift to an uptrend may be underway.
It is, however, important to note that the pattern validates the trend after it breaks above the neckline. For SHIB, the neckline stands at $0.000011, which the price has rallied above.
Besides that, the green line of the Supertrend indicator has remained firmly below SHIB’s price, signaling a buy opportunity. This marks a shift from the previous sell signal, where the red Supertrend line stayed above the price for an extended period.
In line with that, the Money Flow Index (MFI) reading has climbed to 73.79, which indicates rising buying pressure.
If this trend continues, SHIB’s price could breach the resistance at $0.000015 in the short term.
Circulating Coins Fuel Outlook
A look at the Mean Dollar Invested Age (MDIA), the average age of all coins on a blockchain, weighted by the average purchase price, also supports this move.
With the metric, one can tell if the next price movement might be bullish or bearish. When the MDIA rises, holders choose not to move their long-held coins.
In most cases, this behavior causes the price to stagnate. But in this case, the 90-day MDIA has dropped from 50.37, indicating that previously dormant coins are now entering into circulation, which is a bullish sign.
Should the trend continue, SHIB’s price will likely trade higher.
SHIB Price Analysis: Higher Values
Looking at the daily chart again, CCN observed that the 12-day Exponential Moving Average (EMA), in blue, has risen above the 26-day EMA (orange). This position indicates a bullish crossover on the Moving Average Convergence Divergence (MACD).
Also, the MACD reading is in the positive region, indicating bullish momentum. Should this trend continue in the short term, SHIB’s price might break the $0.000015 resistance as stated initially.
If validated, the next move for the memecoin could be a run toward $0.000019 at the 0.618 golden pocket ratio.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
