SHIB: breakout or fakeout? key levels to watch in coming days
SHIB
Shiba army waking up again or just another meme fakeout? According to market chatter, renewed buzz around upcoming ecosystem upgrades and general risk-on mood in alts just pushed SHIB into a fresh 4H impulse. Volatility is back on this chart, and when this dog runs, it usually runs hard.
On the 4H chart we just bounced from the green demand zone and pushed straight into the red supply block above. RSI is climbing toward overbought, but not blown out yet, which fits a continuation move if buyers defend higher lows. Volume profile shows a nice low-volume pocket just above price, so a clean breakout could accelerate quickly as shorts get squeezed.
My base case: as long as price holds above the mid green support, I’m leaning bullish toward the upper red zone where I’ll look to scale out. If we reject hard from this supply and close back inside support, I’ll respect that and look for a deeper dip toward the lower green area before thinking long again. I might be wrong, but for now I’m treating pullbacks toward support as potential entries, not reasons to panic. ✅
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