Shiba Inu is poised for a 45% surge as selling pressure weakens

Shiba Inu (SHIB) is trading around the $0.00001500 level, recording an increase of about 8% in the past week and over 30% since the beginning of the month. However, this meme coin is still quite far from the peak of $0.000024 set back in January.

Although the price continuously trends upward, each time it approaches the resistance zone, it gets pushed back. The question now is: can the uptrend continue? This depends on whether investors are quietly taking profits, and more importantly, whether the upward momentum is actually accumulating enough strength to break through.

SOPR moves sideways as weak investors withdraw at breakeven or lower

Profit-taking often serves as a barrier that causes the price increase to stagnate, and in this context, the SOPR indicator (Output Profit Ratio has become an extremely important tracking tool. SOPR reflects whether the SHIB coins sold on-chain are yielding profits )>1( or losses )<1(.

Currently, SOPR is fluctuating around the mark of 1 – a psychological milestone after several weeks below this threshold. On April 30, the index fell to 0.72 when SHIB was trading around $0.00001327. After that, the price increased nearly 28%, approaching $0.00001700, pulling SOPR back close to the level of 1.

![])https://img-cdn.gateio.im/webp-social/moments-a166d0d4530cc78041b9d2364e9a65fd.webp(Price and SOPR of Shiba Inu | Source: GlassnodeSimilarly, on June 16, SOPR fell deeper to 0.69 when the price was only $0.00001188. After that drop, SHIB surged about 30% to $0.00001546, with SOPR once again approaching the equilibrium level. However, this index dropped to 0.83 two days ago – without a corresponding price recovery like before.

This development shows that a large amount of SHIB is being sold at a loss or break-even, rather than taking profits at the peak. This subtly signals that weak-handed investors are gradually withdrawing quietly, thereby reducing supply pressure at higher price levels.

History has shown that strong corrections only truly emerge when the SOPR clearly exceeds the threshold of 1 while the price is moving sideways – a situation that has not yet occurred at this moment.

RSI indicates that buying pressure is strengthening.

To sustain a price rally, the key factor is momentum – and that is when the RSI indicator )Relative Strength Index( becomes particularly important.

RSI measures the strength of recent price movements on a scale from 0 to 100. Since mid-June, the RSI indicator on the daily chart has consistently set new highs, while the price has moved in the opposite direction with gradually lower peaks. This pattern creates a bullish divergence – a signal indicating that market momentum is gradually strengthening, even though the price has not yet clearly reflected this.

![])https://img-cdn.gateio.im/webp-social/moments-efd7627b7fc946f6a6f66b40ece735df.webp(The RSI index of Shiba Inu | Source: TradingViewAlthough the RSI divergence is not yet very clear, it is a positive sign that buying pressure is quietly increasing – a factor that could pave the way for a stronger breakout of Shiba Inu in the near future.

In other words, the bulls are gradually gaining the upper hand, although the price has not yet escaped the consolidation zone. If the RSI continues to rise and the price follows, the likelihood of a breakout will be higher. Conversely, if the RSI reverses downward while the price remains flat, the upward momentum may be temporarily interrupted.

Is Shiba Inu targeting a 45% increase?

Price thresholds are playing a key role in confirming signals from technical indicators. Currently, the most important resistance level is at $0.00001587 – a price range that has repeatedly hindered the upward momentum of SHIB in recent times.

If SHIB can close above this level, the upward momentum could be strengthened, opening up the opportunity to reach the mark of $0.00001746 – equivalent to an increase of about 16%, and further to $0.000022, marking an increase of more than 45% from the current level. However, to reach higher levels, SHIB needs to overcome a significant psychological barrier at $0.000020 – equivalent to an increase of about 33%.

A notable point: When the price surpasses the threshold of $0.00001746, the technical resistance area becomes sparse, opening up clearer growth potential.

![])https://img-cdn.gateio.im/webp-social/moments-24b714f36e0abd028e1ede76038bd058.webp(SHIB/USDT Daily Chart | Source: TradingViewOn the contrary, $0.00001463 is the first support zone that needs to be protected. If this zone is breached, $0.00001375 – coinciding with the 0.5 Fibonacci level – will be the next support point. The bullish sentiment can quickly reverse if the price slips below these levels while the SOPR indicator rises above 1, reflecting profit-taking pressure returning to the market.

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