- SHIB maintains stability above $0.00000900 as traders observe renewed accumulation near key support.
- Price holds firm above $0.0000084, with steady liquidity and weakening bearish momentum on charts.
- Analysts note a breakout above $0.0000100 could trigger strong upward movement toward higher targets.
Shiba Inu (SHIB) is holding above a key technical level as traders observe renewed accumulation patterns on the weekly chart. Market data shows the token maintaining stability near the $0.00000900 region, where previous rebounds have started in earlier trading cycles. Analysts suggest this area could once again attract stronger buyer activity.
SHIB Holds Near Key Support Level as Market Stabilizes
Shiba Inu continues to trade above the long-term ascending green support line near $0.00000600, according to analysis prepared by Hailey LUNC. The chart shows three symmetrical breakout structures forming close to this level since 2021.
Each stage was marked by descending wedge structures and upward breakouts indicative of recurrent accumulation patterns preceding rallies. The most recent structure demonstrates that SHIB is holding steady above $0.0000084, which has served many times as a strong support in the last several months.
Coingecko market data shows that the trading price was approximately $0.000009062, with a range between $0.000008943 and $0.000009212. Its market capitalization stood at $5.34 billion, and daily trading volume was $147.27 million, with liquidity that was constant throughout the exchanges.
Analysts Expect Recovery If Price Breaks Key Resistance Levels
According to an observation by CryptoJournaal, the SHIB market has been in a downtrend since August, forming lower highs and lower lows. However, the report noted that bearish pressure appears to be weakening as momentum indicators show early signs of improvement.
The RSI remains near the 40-zone, suggesting possible recovery interest among buyers. CryptoJournaal further stated that a break and close above the psychological barrier of $0.0000100 could trigger renewed upward momentum. Resistance levels are noted near $0.0000130 and $0.0000151, where historical rallies have previously developed.
The analysis adds that once SHIB sustains movement above these areas, it often gains rapid traction, describing that “SHIB becomes a rocket when strong buying emerges from confirmed support.” As long as the $0.0000084 support continues to hold, analysts believe SHIB retains potential for a technical rebound toward higher resistance zones.
