- SHIB consolidates between $0.00001150–$0.00001250, preparing for a breakout above resistance.
- Trading volume of $151.5M shows steady liquidity, supporting potential upward continuation.
- Analysts project breakout targets from $0.00001900 to $0.000032 if key levels are cleared.
Shiba Inu (SHIB) is showing clear momentum as the token trades within a narrow channel and tests resistance levels. Technical patterns and recent price action indicate that SHIB is preparing for an upward move, with projections pointing to higher targets. SHIB is gearing up for a big move. New ATH incoming.
Technical Patterns and Resistance Levels
SHIB’s daily chart recorded a descending trendline acting as resistance while the token consolidated within a defined support zone. According to analysis prepared by Shib Spain, this support range extended between $0.00001150 and $0.00001250, holding firm through several retests across recent sessions.
Price traded near $0.00001290 after another test of the descending resistance line. Repeated rallies carried SHIB to the resistance zone, though pullbacks kept it inside the consolidation structure.
Each rejection from the trendline maintained the setup while buyers accumulated near support levels. A projected move showed potential continuation beyond $0.00001400, extending toward $0.00001900 once the resistance breaks. Market data showed consistent rebounds after dips, confirming liquidity and strong trading interest at these levels.
Volume, Market Structure, and Projections
Volume activity reflected steady market participation, with 24-hour trading recorded at $151.5 million, according to data from Coingecko. Market capitalization stood at $7.67 billion, with nearly the entire total supply of 589 trillion tokens already in circulation. This distribution provided clarity on available market supply for traders and investors.
According to an observation by CryptoShib, SHIB traded at $0.00001282 after a 4.26% decline but maintained upward recovery momentum. The chart indicated alternating dips and rallies before the price stabilized above $0.00001280. A marked trajectory projected levels above $0.00003600, reinforcing expectations for a strong upward expansion.
The traders are keeping an eye on important levels and the immediate resistance is at $0.000016 and a stronger resistance at between 0.000020 to 0.000022. Analysts observed that the clearing of these levels may increase the pace towards 0.000032. The trends in history indicate that the current structure has been accompanied by rapid rallies in most cases, and thus, the underlying consolidation process can be considered a crucial indicator of the future movement of SHIB.
