- Shiba Inu holds a strong base above $0.000010 marking it as a key area for market direction.
- Bulls continue to protect this price range as traders expect a move toward $0.00001250 or higher soon.
- Chart data shows a bullish pattern forming which may signal the start of a new upward trend for SHIB.
Shiba Inu (SHIB) is trading near a crucial support range between $0.000010 and $0.000011 as bulls attempt to stabilize price action. According to market data shared by Shib Spain, maintaining this range is essential to prepare for the next breakout attempt.
At press time, SHIB traded at approximately $0.00001040, showing marginal gains of 0.10% on Binance’s 4-hour chart. The pattern illustrates consolidation within a horizontal accumulation band, with visible buying pressure near the lower boundary.
The posted analysis highlights that holding above $0.000010 could help defend the ongoing structure, keeping the bullish bias intact. A breakdown below this level could risk short-term volatility, while a confirmed rebound might trigger renewed upside momentum.
Traders observing the current setup see a potential “W” formation, often considered a bullish reversal pattern. This formation could lead SHIB to retest higher resistance levels if price stability persists through the current range.
Technical Chart Signals Possible Breakout Formation
The 4-hour chart shared by Shib Spain presents a clean structure, defining a consolidation phase followed by a projected vertical breakout path. The outlined trajectory suggests that if SHIB maintains support, a significant upward surge could follow, potentially doubling current levels.
The depicted price projection aligns with historical rebound patterns observed in SHIB’s past market cycles. Each consolidation phase near this zone has typically preceded large upward movements, supported by increasing market participation.
Between $0.000010 and $0.000011, liquidity clusters have previously attracted aggressive buyers. The market’s ability to defend this support often determines whether momentum extends or reverses.
The chart also reflects a sharp previous decline that found stability around $0.000010 before recovering sharply. A similar structure now reappears, with buyers aiming to repeat that pattern as the asset consolidates.
Could this renewed defense zone at $0.000010 be the trigger for SHIB’s next large rally in 2025? The upcoming sessions may reveal whether bulls maintain the required liquidity to sustain the base for a major upward push.
Bulls Aim to Reclaim Key Resistance Levels
The next resistance area remains near $0.00001250, a zone where SHIB has repeatedly faced seller pressure. If the token successfully breaks above this barrier, analysts suggest that an accelerated move toward $0.00001350 could follow.
Shib Spain’s analysis calls on traders to “hold the range,” signaling confidence in the token’s ability to retain structure. This guidance mirrors prior community-led efforts to stabilize SHIB during periods of market weakness.
Technical traders now watch volume trends closely. Any increase in accumulation within the current zone could confirm renewed investor conviction. Sustained activity above the key threshold may trigger the start of a short-term rally toward the outlined upper range.
Market sentiment remains cautiously optimistic, supported by SHIB’s history of responding positively to defended support zones. Previous rebounds from similar structures have led to sharp surges in liquidity and increased momentum in the meme-coin sector.
For now, all eyes remain on the $0.000010 level as SHIB consolidates within its holding pattern. Its ability to stay above this mark may determine whether bulls can initiate the anticipated breakout sequence highlighted in the chart.
