$SHIB Next target analysis:

To identify SHIB's next target, let’s break it into resistance levels, support zones, and price action trends based on the chart:

---

Key Levels to Watch

Resistance Levels (Upside Targets):

1. 0.00002594 (Recent High):

If SHIB continues its upward momentum and breaks this level, it may act as the first significant resistance. A breakout here could lead to a strong bullish continuation.

2. 0.00002650 - 0.00002700 Zone:

This zone could serve as the next major resistance, considering historical price action and the psychological impact of round numbers.

3. 0.00003046 (Swing High):

This level is the previous significant peak and serves as the medium-term target in a bullish rally.

Support Levels:

1. 0.00002463 (EMA 25):

If SHIB retraces, this EMA level should provide the first layer of support.

2. 0.00002259 (24h Low):

This is a critical support level to watch if there’s increased selling pressure.

3. 0.00002191 (EMA 99):

If the price falls sharply, this long-term EMA acts as a strong support base.

---

Next Target Analysis

Bullish Scenario:

If SHIB breaks above 0.00002594, the next immediate target would likely be around 0.00002650 - 0.00002700.

Sustained bullish momentum could drive the price toward 0.00003046, especially with increased volume.

Bearish Scenario:

A failure to maintain above 0.00002463 could lead to a drop toward 0.00002259, with further downside possible to 0.00002191 if bearish sentiment grows.

---

Indicators to Confirm the Move:

Watch for a Stochastic RSI crossover in the overbought or oversold zone.

A breakout with volume above 0.00002594 indicates bullish momentum; declining volume near resistance suggests potential rejection.