Peter Smith
Something's brewing with Shiba Inu, and the charts are telling a pretty compelling story. After months of sideways action, SHIB is sitting in what looks like a perfect accumulation zone.
Technical Picture: The $5B-$22B Box
CRYPTO SHIB recently called it out: "$SHIB Buyers — It's time to pay attention. Mega bullish coming..." The timing couldn't be more interesting.
Here's what's got traders excited. SHIB has been building a massive base between $5B and $8B in market cap, and that's textbook accumulation territory. Every time it's dipped to that $5B support level, buyers have stepped in hard. The real action happens if it breaks through $22B - that's the ceiling it needs to crack for this whole thing to take off.
The pattern looks like a classic rounded base formation that's been cooking since 2022. Volume's been tightening up in recent weeks, which usually means the market's getting ready to pick a direction. With selling pressure drying up in that highlighted buy zone, all the pieces seem to be falling into place.
What Could Spark the Rally
Shibarium's adoption is picking up steam, giving the ecosystem some real utility beyond just being a meme coin. The broader altcoin market is starting to wake up again as retail money flows back in, and Bitcoin's finding its footing after months of uncertainty. When you add it all up, the conditions look pretty favorable for risk assets like SHIB to make a move.
Peter Smith
