Saad Ullah
Shiba Inu is stuck in no man's land right now, sitting at a support level that's been tested multiple times without breaking. The price is forming a textbook descending triangle - lower highs pressing down on flat support at 0.0000118 USDT.
What the Chart Shows
Crypto analyst $SHIB KNIGHT isn't rushing things, saying he's "slowly adding on each dip" and waiting for the right moment. Smart money isn't panicking. They're accumulating.
The technical setup tells a clear story:
- Critical support sits at 0.0000118 USDT - this level has held firm through repeated tests and remains the line in the sand for bulls
- A descending triangle is squeezing price action - lower highs are converging with flat support, creating pressure that typically resolves with a sharp move in either direction
- Breakout targets are marked at 0.000020 and 0.000030 - these represent potential upside zones if SHIB breaks through resistance
- Sideways volume suggests accumulation phase - the lack of panic selling and steady consolidation points to buyers quietly building positions
The pattern is classic. Price gets compressed, volatility drops, and then something breaks. The question is which direction it goes.
Why This Matters Now
SHIB isn't just another dead meme coin. The community keeps pushing Shibarium adoption forward, token burns continue reducing supply, and retail interest hasn't completely dried up. When you combine these fundamentals with a technical setup this tight, you get conditions ripe for a volatile move. Traders are positioned, waiting for confirmation.
If SHIB punches through that descending trendline, we're looking at potential gains of 20-30% in short order as the triangle resolves upward. But if 0.0000118 fails? Expect another leg down before the real buyers show up again. Right now, it's all about patience and watching how this support level holds up under pressure.
Saad Ullah
