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The Shiba Inu price has soared 8% in the last 24 hours to trade at $0.00001194 as of 7:00 a.m. EST on a 12% jump in trading volume to $312 million.
The surge in the SHIB price comes as President Donald Trump announces a 90-day pause on all “reciprocal” tariffs that began at midnight, except for those on China.
🚨BREAKING: President Trump just announced a 125% tariff on China EFFECTIVE IMMEDIATELY!
90-DAY PAUSE & LOWERED 10% RECIPROCAL TARIFF FOR OTHER COUNTRIES. Art of the Deal!
Hold the line! China will folded & caved! pic.twitter.com/1jJjDKRorK
— AJ Huber (@Huberton) April 9, 2025
While most countries will now face a universal 10% tariff, China’s tariffs will increase from 104% to 125% in response to Beijing’s new retaliatory measures.
Trump justified the hike by accusing China of showing “a lack of respect” for global markets and vowed that the US would no longer tolerate being “ripped off.”
Shiba Inu Price Shows Signs Of Bullish Reversal As Key Levels Hold
The SHIB/USDT pair presents a compelling technical setup, indicating a potential bullish reversal. The price shows upward momentum after rebounding from a key support zone between $0.00000990 and $0.00001100.
This support has historically held firm, as seen in multiple instances, indicating strong buying interest at this level, which means SHIB may have found a solid base from which it could launch a reversal.
SHIB has been moving within a well-defined bearish channel, signaling sustained selling pressure. However, Shiba Inu price action eventually broke above the channel structure, hinting at a loss of bearish momentum. This was followed by a Break of Structure (BOS) just above the support zone, confirming a potential shift in market sentiment from bearish to bullish.
SHIBUSDT Analysis Source: Tradingview
Furthermore, a Market Structure Shift (MSS) occurred during the downtrend, adding further weight to the argument for a trend reversal. A technical obstacle remains at the order block (OB) between $0.00001300 and $0.00001400, which was previously rejected on a retest.
SHIB Eyes Bullish Rally Ahead
A strong break and close above this zone could pave the way for a strong move upward. The chart also specifies a Fair Value Gap (FVG) between $0.00002300 and $0.00002500, representing an inefficient zone that SHIB may aim to revisit.
The Relative Strength Index (RSI) is currently at 44.80, with the signal line at 41.12. This places the RSI in a neutral zone, though it is beginning to turn upward. This subtle bullish divergence from recent lows adds further weight to the reversal scenario, implying that bearish strength is weakening.
Furthermore, SHIB has already swept sell-side liquidity below the support zone and may target buy-side liquidity above the recent highs of around $0.00001700.
If SHIB maintains its footing above the $0.00001100 level and successfully breaks through the OB resistance, the next logical upside targets are $0.00001700 (liquidity zone) and $0.00002400–$0.00002500 (FVG). However, a daily close below $0.00000990 would invalidate this bullish outlook and could open the door to further downside toward the $0.00000800 region.
BTC Bull Token Presale Storms Toward $5 Million – Best Crypto To Buy Now?
As SHIB struggles at the support zone, investors are flocking to BTC Bull Token (BTCBULL), a new Bitcoin-inspired derivative that has already raised over $4.5 million in its presale.
BTC Bull Token is a meme coin designed to celebrate Bitcoin’s ambitious goal of reaching $1 million. As Bitcoin’s price climbs, BTCBULL holders will be rewarded with free BTC airdrops, and the token’s supply will be reduced through strategic burns, creating a strong tokenomics structure.
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For any further enquires send a message to our team @BTCBULL_TokenPR pic.twitter.com/2Lp5TcUkYR— BTCBULL Official Team (@BTCBULL_TokenPR) March 16, 2025
BTCBULL token holders will begin receiving Bitcoin airdrops once Bitcoin reaches $150K, with additional airdrops occurring at every subsequent $50K milestone.
The first BTCBULL burn will occur when Bitcoin reaches $125K, with further burns planned for every $25K increase in Bitcoin’s price thereafter.
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