Peter Smith
Shiba Inu (SHIB) is picking up steam after confirming a reversal pattern that's got traders watching closely. The token has flipped from bearish to bullish territory, and there's growing buzz about where it might head next.
SHIB Builds Strength After Reversal
Recent market analysis shows that SHIB is "heating up" and could be gearing up for a solid move higher. Looking at the charts, you can see how the token managed to shake off its downtrend. SHIB Mortal pointed out this shift, and it's hard to miss - the break above that descending resistance line combined with higher lows tells you sentiment is changing.
Buyers are stepping in, and that's usually when things get interesting.
Technical Patterns Point to Growth
The chart tells a pretty clear story if you know what to look for:
- After consolidating in what looks like an accumulation zone, SHIB pushed higher and started building a fresh bullish structure
- Multiple consolidation phases show buyers are holding the line at support levels
- Price projections suggest a potential move toward the 0.00001300–0.00001500 range soon
This setup resembles classic accumulation-to-expansion patterns that often come before notable price runs. Traders familiar with these formations see them as early signals that volatility might be about to expand, potentially leading to quick upward movement.
Market Context and What's Next
The improving outlook for SHIB isn't just about lines on a chart. There's renewed interest in meme coins from retail traders, and the broader crypto market is showing more appetite for risk. As long as SHIB holds support around 0.00001200, the odds favor continued upside. That level is key - if it breaks, the whole setup could change.
Peter Smith
