Shiba Inu (SHIB) has been on an impressive rally recently with the price pumping by over 15% over the last 7 days. On the day, the memecoin is now up by over 6%, showing further conviction for an upward price movement. 

Following the recent rally, SHIB has also flashed a fresh bullish crossover that could trigger a parabolic move. Its exchange reserves have also dipped to a 12-month low further signaling a potential major breakout. 

SHIB’s Golden Crossover Resurfaces

The Shiba Inu memecoin has encountered yet another bullish crossover after the recent impressive price rally. As per the daily chart on TradingView, the memecoin’s 20-day Exponential Moving Average (EMA) has crossed above the 50-day EMA. This setup is usually known as a bullish crossover and is often considered a bullish signal. 

Looking at the chart above, SHIB’s 20-day sits at $0.00001262 above the 50-day EMA which sits at $0.00001256, hence confirming the golden crossover. This bullish setup also appeared back in May 8, 2025 resulting in parabolic price movement for Shiba Inu. In this instance, the memecoin’s price surged from $0.00001322 to $0.00001766. This marked a 34% price surge for Shiba Inu. 

Conversely, the recent bullish crossover could trigger a similar price action for the coin. The recent crossover also appears at $0.00001260, just slightly below the May 2025 crossover, thus raising the level of a historical repetition. At the moment, the May  crossover is acting as the support for the current rally. 

SHIB’s Exchange Reserves Drop, Raising Odds for a Breakout

Besides the bullish technical formation, Shiba Inu’s on-chain metrics are hinting at a potential rally. In particular, SHIB’s exchange reserves have fallen to a yearly low. As per data by CryptoQuant, the exchange reserves currently sit at 83.8 trillion tokens. 

Based on the current price level, the total value of SHIB tokens held in exchanges is around $1.14 billion. This shows a huge drop from over 180 tokens held in exchanges in 2024. This suggests that Shiba Inu’s selling pressure has declined in recent times. 

Normally, fewer reserves in exchanges signifies tighter liquidity which further translates to  potential for upward price movement. Combined with bullish technical setup, the low exchange reserves paint a bullish future for SHIB. 

Can SHIB Reach $0.0001 This Rally? 

In a recent post on X, crypto analyst Shib Spain predicted that Shiba Inu could pump to $0.0001. His prediction follows the recent price action with SHIB showing potential for a breakout after golden crossover and low exchange reserves. 

From the current price of $0.00001398, a rally to $0.0001 would mean a 86.05% surge for Shiba Inu. While this level is not unattainable, the Shina Inu memecoin has to clear key resistance levels to achieve it. 

In the short term, SHIB is facing a resistance at $0.00001467. A clearance of this level is crucial for Shiba Inu to continue moving upwards. But the rally must be backed by strong volumes. 

In case the coin fails to hold the current momentum, a reversal will be imminent. Such an occurrence would push SHIB to the downside with key support level holding at $0.00001322. A breach of this would however push the memecoin’s price lower towards the next support at $0.00001145 or even $0.00001009. This would invalidate the bullish momentum.