Usman Salis
Shiba Inu appears ready for a potential breakout after weeks of consolidation. Recent price action shows the token compressed within a descending triangle pattern, and traders are watching closely to see if bulls can push through resistance and trigger a rally toward $0.000012.
Current Technical Setup
According to analysis shared by SHIB BOOSTER, SHIB is trading near $0.00001013, just above a solid support zone between $0.00000980 and $0.00001000. The chart reveals a descending triangle formation, where price has been squeezed between falling resistance and stable support. This compression often precedes significant price moves.
The key resistance sits along a downtrend line near $0.0000108. If SHIB breaks above this level with strong volume, the next target zone sits at $0.000012 to $0.000013, representing roughly a 20% gain from current prices. However, failure to hold above $0.0000098 could extend the sideways consolidation instead.
Key Levels to Monitor
- Current Price: $0.00001013
- Support Zone: $0.00000980–$0.00001000
- Immediate Resistance: $0.0000108
- Breakout Target: $0.000012–$0.000013
Trading volume has been relatively quiet, which often signals that a volatility spike may be coming. Bulls need a daily close above $0.0000108 with increasing volume to confirm the reversal pattern.
Fundamental Backdrop
Beyond the charts, Shiba Inu's ecosystem continues developing quietly. Shibarium, the project's Layer-2 network, is gaining traction, while ongoing token burns gradually reduce circulating supply. These factors provide some fundamental support, even as short-term price action remains range-bound.
The coming days will be crucial. If buyers step in and push SHIB through resistance, the token could quickly attract attention from sidelined traders and test the $0.000012 level. The current setup resembles a classic pre-breakout phase where price compresses tightly before momentum accelerates in one direction. A sustained move above $0.0000108 would likely confirm the bullish scenario, while a drop below support could delay the rally.
Usman Salis
