Saad Ullah
Shiba Inu (SHIB) Inu has entered a crucial phase as its price consolidates near a strong long-term support line. With volatility compressing and the market waiting for direction, traders are watching closely to see if the meme-inspired token can ignite its next rally.
Shiba Inu Nears a Decisive Move
In a recent update, analyst CRYPTO SHIB described SHIB as firmly in the "buy zone," emphasizing a patient, step-by-step accumulation strategy. The approach reflects growing confidence among long-term holders that the token may be preparing for a significant breakout.
The chart shows SHIB forming a descending triangle, characterized by lower highs converging toward flat support at 0.0000118 USDT. This pattern often precedes a sharp breakout, as the prolonged squeeze builds energy for the next major move. A strong base sits at 0.0000118 USDT, tested multiple times without breaking, while a downward sloping trendline acts as overhead pressure. If SHIB breaks above this resistance, it could fuel moves toward 0.000020, 0.000030, and potentially 0.000040 - levels marked by past supply zones.
Key Factors Supporting SHIB's Position
- Community Momentum: Shiba Inu's strong retail base continues to support the asset
- Shibarium Growth: Developments in the project's Layer 2 blockchain solution fuel long-term optimism
- Market Context: Broader crypto consolidation has kept meme coins quiet, but a shift in sentiment could trigger fresh buying
- Accumulation Strategy: Traders adding gradually on dips reflect patience and confidence in the longer-term outlook
What's Next for SHIB
Shiba Inu is at a crossroads. A breakout above its descending resistance line would likely accelerate gains toward 0.000020–0.000030, while failure to hold the 0.0000118 base risks renewed selling pressure. The green arrows highlighted on technical charts show bullish breakout scenarios, and a decisive move above the trendline could spark momentum buying from the community, which has historically amplified rallies.
For investors, SHIB's setup underscores the importance of patience: as volatility contracts, the meme coin may be quietly preparing for its next major move.
Saad Ullah
