Shiba Inu jumps 15% as price nears $0.000055 resistance

Shiba Inu surged more than 15% in the last 16 hours, pushing the token toward the $0.000055 resistance that traders see as the trigger for a new bullish run【1】. The move matters because a clean break could open the path to $0.000175, a level that would represent a 200% gain from current prices.

Technical trigger and on‑chain context

The six‑hour chart shows a bullish flag forming, with the upper trend‑line at $0.000055. A decisive close above this line would validate the pattern and could fuel a rally toward $0.000175, a target that would triple the token’s price from today’s level【1】. The flag’s breakout coincides with a surge in buying orders that have been accumulating near the resistance, suggesting that market participants are ready to push the price higher.

On‑chain data adds nuance: more than 18 000 wallets bought roughly 26 trillion SHIB around the $0.000055 zone, according to an IntoTheBlock model. Those holders may look to lock in profits as the price climbs, potentially tempering the upside if the breakout stalls【1】. Nonetheless, a sustained breach of the supply wall would confirm the bullish outlook embedded in the chart pattern.

Market sentiment and trading volume

KuCoin’s CEO Johnny Liu highlighted that SHIB’s trading volume on the exchange has outpaced Bitcoin’s for at least three consecutive days, underscoring retail enthusiasm for meme tokens【1】. MarketWatch data shows SHIB’s spot‑exchange volume even briefly eclipsed Ethereum’s, reflecting a broader shift toward low‑price assets among small investors. Google search trends place SHIB as the third‑most‑searched cryptocurrency this year, with 2.8 million monthly queries, far behind Bitcoin’s 22 million but ahead of many altcoins【1】.

Supply‑side figures from a separate overview note that SHIB’s total supply is 1 quadrillion tokens, of which about 589 trillion are in circulation, and roughly 549 trillion are actively tradable【2】. The token’s Proof‑of‑Stake design means no new mining, so price dynamics are driven primarily by holder behavior and exchange flows.

What to watch

• $0.000055 – a clean close above this level would validate the bullish flag and could trigger a move toward $0.000175.
• Large‑wallet exits – monitoring the activity of the 18 k wallets that entered near the resistance may indicate profit‑taking pressure.
• Volume spikes – continued outperformance of Bitcoin’s volume on KuCoin would reinforce retail momentum in SHIB.

The price’s proximity to a key resistance, combined with unusually high trading volume and a tight supply structure, makes the next few hours critical for Shiba Inu’s short‑term trajectory. Whether the token can sustain the breakout or stalls under profit‑taking pressure will shape its path toward the ambitious $0.000175 target.