Peter Smith
Shiba Inu might be gearing up for its next big move. After consolidating for weeks, the token is displaying early signs of bullish accumulation. The chart backs this up, showing stable price action just beneath resistance as momentum gradually builds.
Technical Analysis: SHIB's Accumulation Phase
Recent analysis from $SHIB KNIGHT points to buyers quietly building positions ahead of a potential rally. The daily chart reveals several key dynamics worth noting. SHIB has found stability in the 0.00001250–0.00001270 range, where accumulation appears to be taking place. The pattern of higher lows across multiple candles typically signals accumulation before a breakout occurs. The next resistance zone sits around 0.00001350–0.00001400, matching the projected upside target. Meanwhile, strong support has formed near 0.00001200, and holding this level is essential for maintaining the bullish structure.
Why Shiba Inu Is Attracting Attention
SHIB continues to benefit from one of crypto's largest retail communities, driving consistent demand. As major cryptocurrencies move sideways, altcoins like SHIB are catching speculative interest. The current technical setup suggests experienced traders may be quietly accumulating before a bigger move materializes.
A close above 0.00001300 would confirm a breakout and clear the path toward 0.00001400. Rising trading volume will be critical to validate any bullish move. On the downside, a break below 0.00001200 would invalidate the bullish case and shift focus to lower support zones.
Peter Smith
