Shiba Inu price tests $0.0000146 as bulls aim for breakout continuation
Shiba Inu trades near $0.00001460 after breakout
Shiba Inu (SHIB) is trading around $0.00001460 on May 10 after a 15% surge that began with a breakout above a long-standing descending trendline. The rally, which accelerated between May 8 and 9, follows a period of tight consolidation near $0.00001230 and marks a sharp shift in sentiment for the meme coin.
Technical indicators suggest this breakout was supported by volume expansion and a bullish realignment of key exponential moving averages on the 4-hour chart.
All major EMAs—20, 50, 100, and 200—have now flipped into bullish order, reinforcing the short-term uptrend. As SHIB now tests a resistance level last seen in April, the question is whether buyers can maintain control and extend gains beyond the $0.00001485–$0.00001500 zone.
Shiba Inu price dynamics (April 2025 - May 2025) Source: TradingView.
Momentum builds but short-term overextension raises caution
On both 30-minute and 4-hour timeframes, SHIB has confirmed a breakout from a falling wedge pattern and an inverse head-and-shoulders structure. This bullish setup propelled the token through resistance at $0.00001365 and now puts $0.00001460 under scrutiny. While the Relative Strength Index (RSI) is nearing overbought territory at 70, it has not yet flashed bearish divergence. The MACD remains positive, though histogram momentum is flattening, hinting at a possible short-term cooldown.
Higher timeframe analysis shows SHIB nearing the 0.618 Fibonacci retracement at $0.00001945 after rebounding from 0.786 support near $0.00001080. If bullish momentum continues, this level could emerge as the next major technical magnet. A failure to hold above $0.00001460, however, could trigger a retracement toward pivot support at $0.00001365 or deeper toward $0.00001300.
Shiba Inu price forecast for May 10: Breakout holds, but volatility rising
Heading into May 10, SHIB remains in a bullish formation, with key levels converging between $0.00001420 and $0.00001460. This zone now acts as the decision band for bulls to reclaim momentum. A sustained push above $0.00001500 could open upside targets at $0.00001550 and $0.00001620.
The Ichimoku Cloud on the 4-hour chart further supports the bullish bias, as price trades well above the cloud with a Tenkan–Kijun bullish crossover. Unless price falls back inside the cloud zone, buyers remain in control.
As previously discussed in our earlier SHIB outlooks, any breakout above the $0.00001400 region was expected to unlock bullish potential. With that move now confirmed, the near-term challenge will be maintaining momentum while navigating resistance just ahead.
