Yes

>>Shiba Inu's current price stability might soon give way to a quick and substantial price increase.

Shiba Inu's current price stability might soon give way to a quick and substantial price increase.

crypthub

3 days ago

Recent Price Movement

Shiba Inu is currently trading around $0.000012, experiencing a minor pullback after reaching $0.000013 earlier this week. The token recently rebounded from weekly lows near $0.00001180, following Bitcoin's recent all-time highs. SHIB's price action remains relatively quiet compared to other cryptocurrencies in the market. A potential explosive rally may be forming based on daily candlestick chart analysis.

Technical Analysis and Support

Technical analysis suggests Shiba Inu is retesting a strong buy zone within a descending structure that began in May 2025. It has been consolidating within a tight range, marked by horizontal support and a slanting resistance trendline. The upper resistance level sits between $0.0000135 and $0.000014. This area requires stabilization to facilitate a breakout.

Potential Breakout Scenarios

A decisive breakout above $0.0000150 is needed to confirm a shift in structure and open the door to a move toward $0.000017. Resistance around $0.0000176 to $0.0000190 may bring selling pressure from previous order blocks. Sustained bullish momentum above $0.00002 is possible if the price breaks through $0.0000190.

Market Dependence and Scam Warning

Shiba Inu's breakout potential is heavily dependent on the overall crypto market, especially Bitcoin's performance. Continued dominance from Bitcoin could contribute to SHIB bouncing off its buy zone. A recent warning from the SHIB Army highlights the increased risk of phishing scams within the community.