Usman Salis
SHIB finally did it. After weeks of grinding against a stubborn downtrend, the meme coin broke free and is now sitting in what looks like a sweet spot for accumulation.
What the Charts Show
Trader SHIB Mortal is calling this the start of something big - potentially the rally that finally pushes SHIB toward that legendary $0.0001 target that's been floating around forever.
The technical picture is pretty straightforward:
- Clean breakout above descending resistance - SHIB punched through that yellow line like it wasn't even there
- Consolidation zone forming - that blue box on the chart shows price hanging out just above the breakout, which usually means buyers are loading up
- Clear upside targets - first stop looks like $0.000016, but if momentum really kicks in, $0.0001 isn't just a pipe dream
This is textbook reversal stuff. The bears had their fun keeping SHIB down, but now the bulls are taking control.
Why This Rally Makes Sense
The stars are aligning for SHIB right now. The whole crypto market has been feeling pretty good lately, and when Bitcoin and the big altcoins pump, that energy tends to flow into meme coins. Shibarium keeps making progress too, which gives SHIB more than just meme status - it's actually building real utility. Plus, the whale watchers have been spotting some serious accumulation lately, and those big players usually know something before the rest of us catch on.
Usman Salis
