Saad Ullah
Shiba Inu (SHIB) is trading at a make-or-break level right now. Bulls are fighting to keep the price above a crucial support zone that could decide whether we see another rally or a deeper pullback.
Defending the Line
According to recent technical analysis from Shib Spain, the range between $0.000010 and $0.000011 is where the battle is happening, and whoever wins this fight will likely control SHIB's direction in the coming days.
Looking at the 4-hour chart on Binance, SHIB keeps bouncing off support near $0.000010. The price has tested this level multiple times without breaking down, which suggests buyers are stepping in aggressively whenever it drops that low. This repeated defense is forming what looks like a double-bottom pattern, which is typically a bullish signal. If SHIB can push past resistance around $0.0000115 to $0.000012, the door opens for a move toward $0.000013 and possibly higher. That breakout zone is where things get interesting.
Assuming buyers hold their ground here, SHIB could see a sharp rally. Once that resistance ceiling breaks, momentum traders and algorithms tend to pile in, which could send the price climbing quickly. Higher trading volume during the breakout would confirm the move is real and not just a fake-out. If that scenario plays out, SHIB might revisit its recent peaks and potentially push even further if market conditions stay favorable.
The Downside Risk
On the flip side, losing the $0.000010 floor would be a serious problem. A breakdown below that level could send SHIB tumbling toward $0.000009, and that would pretty much kill the bullish setup. Traders would have to rethink their positions, and we'd likely see some panic selling as stop losses get triggered. It's a thin line between a breakout and a breakdown right now.
SHIB isn't moving in a vacuum. The whole crypto market has been treading water lately, with Bitcoin and Ethereum also stuck in consolidation. Shiba Inu's price depends heavily on retail hype and the broader meme coin trend, so if sentiment shifts or if Bitcoin takes a hit, SHIB could follow regardless of its technical setup.
Right now, patience is key. The $0.000010 to $0.000011 zone is where the action is, and until SHIB breaks decisively in either direction, it's a waiting game. If bulls can defend this level and push through resistance, we might see a strong rally. But if support crumbles, expect a rougher ride ahead.
Saad Ullah
