- SHIB holds firm around 0.0000110–0.0000120 USD, showing strong accumulation and potential for a rebound.
- A descending triangle pattern suggests a possible breakout, with upside targets near 0.0000140 USD if momentum builds.
- SHIB continues to trade between 0.00000675 USD and 0.0000356 USD, reflecting both high volatility and cyclical growth opportunities.
Shiba Inu entered a crucial trading zone near 0.0000110 USD, where strong support has emerged and accumulation continues. The token has consolidated within this range for weeks, creating a technical setup for a possible recovery. Market momentum now hinges on whether this zone can trigger a sustained rebound.
Buy Zone and Accumulation
SHIB continues to hold firm around 0.0000110–0.0000120 USD, where repeated tests of support confirm strong buying interest. The consolidation pattern aligns with gradual accumulation, as buyers steadily add during dips. This steady demand has prevented further breakdowns and maintained stability in the current range.
The accumulation trend reflects resilience, despite broader market volatility and weaker short-term sentiment. Each retest of support strengthens the base and improves structural integrity. Therefore, the price zone has become a critical foundation for future moves.
If stability holds, the next phase could mark the beginning of a stronger upward trajectory. Buyers have shown persistence in defending these levels. Consequently, the token may use this base to build momentum for a breakout.
Breakout Potential
The descending triangle formation has compressed price movement, suggesting a potential breakout setup. Selling pressure has declined, while horizontal support continues to hold firm. Therefore, a sharp move could follow if buying volume increases.
Source: blockchaincenter.net
Technical analysis highlights resistance checkpoints near 0.0000140 USD as possible short-term targets. This aligns with prior resistance flips and projected growth zones. If broken, these levels could accelerate momentum and open further upside.
Upcoming technological developments such as AI and Layer-3 integration may also influence sentiment. These advancements have provided a foundation for renewed optimism. Consequently, structural and fundamental factors could converge to support recovery.
Long-Term Range
SHIB remains confined between a low of 0.00000675 USD and a high of 0.0000356 USD. This wide range reflects its cyclical volatility. The asset’s history shows repeated rallies followed by sharp corrections.
Currently, the price trades near 0.0000119 USD, placing it in the middle of this established range. Consolidation suggests the market is undecided yet stable. Sustained holding within this band can prepare conditions for a decisive move.
If support levels remain intact, SHIB may gradually recover and attempt higher ranges. However, a breakdown risks retesting long-term lows. Therefore, this critical zone remains central to defining the token’s trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
