- SHIB holds $0.00001293 support as analysts eye $0.00003364 resistance for breakout confirmation.
- Whale accumulation of 89B SHIB in September signals growing large-scale participation in the market.
- Technical charts project potential gains of 203%, 402%, and 608% if resistance levels are cleared.
Shiba Inu has been consolidating above key levels after extended downside pressure, with strong support levels continuing to hold. Analysts point to this stabilization as the base for a potential breakout. At the time of writing, Shiba Inu (SHIB) was trading at $0.2304, showing steady resilience despite market volatility.
Strong Support Holding Above Key Zones
Shib Mortal’s analysis shows SHIB trading within a horizontal range after extended consolidation, with support stabilizing near $0.00001293. The chart recorded a descending trendline connecting lower highs, yet recent candles displayed stabilization near the lower range before attempting a small rebound.
Recent data from Coingecko shows SHIB priced at $0.00001118 with a 0.6% increase in 24 hours. Market capitalization stood at $6.95 billion, supported by trading volume of $132 million, ensuring liquidity across exchanges. Circulating supply remained near 589 trillion tokens, while the total supply is reported at 589.5 trillion.
Whale activity has also added to the support levels. More than 7 million SHIB tokens were burned on September 26, reducing circulating supply. Whales reportedly accumulated over 89 billion SHIB in September, compared with 28 billion earlier in the month, showing increasing large-scale participation.
Next Leg Up Loading Toward Higher Resistance
Technical charts suggest SHIB could be preparing for its next move upward if resistance is cleared. According to analysis prepared by Shiba Inu News, the main resistance lies near $0.00003364, with projected upside targets of $0.00002263, $0.00004379, and $0.00006516.
These levels correspond to possible percentage gains of 203%, 402%, and 608% from current ranges. Traders are monitoring SHIB’s descending trendline, which has capped rallies for nearly two years.
A confirmed breakout above this level would signal the start of a new rally phase. Analysts note that the projected chart path outlines gradual progression toward higher levels extending into 2026 and 2027, as long as support continues to hold firm.
