Shiba Inu (SHIB) Price Prediction & Analysis for July 12
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After months of sideways movement, Shiba Inu price today is showing renewed upside strength. The asset has broken above a descending trendline that had capped its recovery efforts since March. At the time of writing, Shiba Inu price is holding steady near $0.00001334 with increased momentum from both technical breakout signals and favorable on-chain flows. What’s Happening With Shiba Inu’s Price? SHIBUSD price dynamics (Source: TradingView) On the daily chart, SHIB has finally cleared a key descending trendline that stretched from the February 2025 swing high. This breakout follows sustained accumulation near the $0.00001100–$0.00001200 support cluster. The move has flipped previous resistance into support and triggered renewed bullish structure. SHIBUSD price dynamics (Source: TradingView) Smart Money Concepts indicators confirm this shift. A bullish CHoCH has formed above $0.00001240, while the BOS near $0.00001290 confirms upward intent. SHIB has now entered a low-liquidity zone that extends toward the $0.00001480 supply block. This area marks the next significant barrier before bulls can target the $0.00001600 zone. The breakout is also supporte… The post Shiba Inu (SHIB) Price Prediction & Analysis for July 12 appeared first on Coin Edition .
Source: Coin Edition
