Saad Ullah
Shiba Inu (SHIB) price has been unusually quiet lately, trading just above a crucial support level that's held for months. Currently sitting near $0.00001013 with a modest 0.60% daily gain, SHIB appears to be in the calm before a potential storm. The question now is whether this consolidation will end with a bang or a whimper.
SHIB's Technical Setup: Patience Running Thin
The chart reveals SHIB trapped inside a textbook descending triangle — a pattern marked by lower highs pressing down against a flat support floor. According to trader CRYPTO SHERIFF, who recently analyzed this setup, the longer SHIB stays compressed within this formation, the more explosive the eventual move could be. He suggests that a clean break above resistance before 2025 ends might fuel a run toward new highs in 2026.
The resistance trendline has been steadily declining from peaks around $0.00004000, while the support base near $0.00001000 has proven remarkably stubborn. This $0.00001000 level isn't just a number — it's become a psychological line in the sand for SHIB holders.
Here's what stands out:
- Resistance: The descending trendline keeps rejecting rallies, showing sellers remain in control of the upper boundary.
- Support: Buyers consistently step in near $0.00001000, creating what looks like an accumulation zone.
- Volume: Trading activity has been tapering off, which typically signals a market getting ready to make a decision.
- Compression: As the triangle narrows, the odds of a sharp directional move increase substantially.
A push above $0.00001500 would likely flip sentiment bullish and open the door to $0.00003000 or beyond. On the flip side, dropping below $0.00000950 would break the pattern and potentially send SHIB testing lower demand zones around $0.00000750.
Why This Matters Beyond the Chart
Technical patterns don't exist in a vacuum. Shibarium, the Layer-2 network tied to SHIB's ecosystem, continues to grow its transaction throughput, while token burns chip away at supply — though at a slower rate than earlier this year. The broader meme coin sector has been lagging behind Bitcoin and Ethereum during recent recoveries, but that's not unusual. Quiet periods like this often come right before major moves, especially when technical compression lines up with potential catalysts like network upgrades or market cycle shifts.
Saad Ullah
