Usman Salis
⬤ Shiba Inu is holding steady near the bottom of its recent range, trading around $0.00000981—up about 3.26%. Despite broader crypto market swings, SHIB has maintained its footing, with bulls seemingly defending the lower support zone. Many traders are viewing this as an accumulation phase, where patient buyers are gradually stepping in.
⬤ The main risk here is Bitcoin. If BTC takes a downturn, it could disrupt SHIB's accumulation structure. When Bitcoin drops, smaller assets like SHIB often see liquidity dry up fast, leading to sharp pullbacks and weakened sentiment. So keeping this stability is key—any major BTC weakness could quickly spoil the setup.
⬤ The chart shows SHIB fluctuating but consistently holding above recent lows, suggesting buyers are showing up at current levels. There's growing conviction among some traders that this accumulation could pay off with solid gains—as long as Bitcoin doesn't mess things up. Some are even adding to positions here, betting on the structure holding firm.
⬤ For investors, SHIB's ability to stay stable near the bottom is encouraging—it shows there's still interest even when the market feels uncertain. If Bitcoin can hold steady, this accumulation phase might strengthen SHIB's technical foundation and set the stage for better price action ahead. But given how tied SHIB is to broader market moves, Bitcoin's direction remains the biggest wildcard. Watching whether SHIB can defend this support zone will be crucial for gauging recovery potential.
Usman Salis
