Shiba Inu Gains 5% On First ‘Uptober’ Day: What Does Technical Analysis Predict?
Posted On October 1, 2025
Shiba Inu (CRYPTO: SHIB) is up over 5% to $0.00001225 on Wednesday, signaling renewed buying interest at its long-term support base.
Shiba Inu Defends $0.00001180 As Bulls Mount Comeback
SHIB Key Technical Levels (Source: TradingView)
SHIB’s daily chart shows price respecting an ascending trendline that has guided action since June.
The rebound from $0.00001180 confirmed the base as a strong support level, while immediate resistance sits at the 20-day and 50-day EMAs around $0.00001237–$0.00001263.
A close above these averages could unlock further gains toward the 100-day EMA at $0.00001285 and the 200-day EMA at $0.00001362.
Fibonacci retracements outline the upside roadmap, with $0.00001260 acting as the first barrier.
A breakout above that level would shift …
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