Peter Smith
⬤ Shiba Inu's SHIB token is trying to push back from a well-defined support zone on the 4-hour Binance chart. After weeks of sliding lower, the price has been hanging around the 0.00000723 USDT mark, where it's touched down multiple times in the same range. That repeated action at these levels suggests dip-buyers have been quietly stepping in, creating what looks like a solid base where SHIB might be ready to stabilize.
⬤ The chart shows SHIB has been grinding lower for several weeks now, making this accumulation zone particularly interesting for anyone watching whether the trend might finally flip. The price keeps testing that boxed support area and bouncing slightly higher each time, which is exactly the kind of pattern that catches traders' attention when they're looking for a potential reversal point.
⬤ There's a big green arrow on the chart pointing upward from this accumulation base, hinting that SHIB could see a serious pump if bullish momentum actually starts building. While there's no specific price target laid out, the idea is pretty straightforward: if this support holds and sentiment shifts, this base could launch the token higher. For now though, SHIB is still trading in that same tight range, with the bounce just starting to take shape.
⬤ This matters because SHIB remains one of the most-watched meme coins out there, and when these tokens hit key technical turning points, it often ripples through the broader altcoin market. A genuine move higher from here would confirm buyers are still active at current prices. But if SHIB breaks back down through this support, it would signal that sellers are still in control and the downtrend isn't done yet.
Peter Smith
