- SHIB builds a bullish structure with higher lows, signaling breakout potential toward $0.00001500 and beyond.
- Whale accumulation exceeds 62B SHIB as trading volume and market capitalization show steady weekly growth.
- Shibarium resumes operations after upgrades, restoring confidence while technical indicators support upward momentum.
Shiba Inu (SHIB) is showing renewed market activity, with traders observing stronger price structure and growing accumulation across multiple support levels. The token’s price action reflects a steady upward pattern supported by increased trading volume, consistent consolidation, and higher lows. Technical data indicate that SHIB may be preparing for an upward continuation as buying pressure builds.
Technical Structure Shows Renewed Momentum
The SHIB four-hour chart displays a clear sequence of movements reflecting organized accumulation and sustained upward momentum. According to analysis prepared by Shib Mortal, price initially declined before consolidating within a rectangular range. The chart later recorded a breakout above a descending trendline, followed by another consolidation phase at higher levels.
The current trading value stands around $0.00001289, representing a 10.5% weekly increase. Data from Coingecko show a 24-hour trading range between $0.00001226 and $0.00001289, supported by a market capitalization of $7.60 billion and a daily trading volume of $251.32 million. The projection illustrated on the chart outlines a potential move toward $0.00001500, signaling continued strength if the trend holds.
According to an observation by Crypto Feras, SHIB’s chart shows prolonged consolidation within a horizontal range marked by repeated resistance rejections. Multiple green arrows indicate accumulation zones forming higher lows. The chart includes potential breakout targets at $0.00002147, $0.00002732, and $0.00003287, reflecting a developing bullish setup supported by consistent demand.
Market Outlook and Shibarium Recovery
Renewed optimism in the SHIB ecosystem coincides with technical recovery on Shibarium, the project’s Layer-2 network. Developers confirmed that bridge activity resumed after security enhancements and a detailed infrastructure review.Â
Over 4.6 million BONE tokens were recovered, and validator keys were rotated to improve system stability. On-chain data indicate that whales have accumulated over 62 billion SHIB tokens, while exchange reserves continue to decline.
The Relative Strength Index (RSI) currently reads near 53, showing neutral momentum, while the MACD presents a mild bullish crossover. These signals confirm that SHIB is still in the active recovery phase, which is on the verge of expansion in terms of reaching higher resistance levels as purchasing activity continues.
