The Shiba Inu has maintained steady momentum in recent days, trading at around $0.00001197 after bouncing from weekly lows near $0.00001180. The Shiba Inu’s recent bounce comes after a period of increased activity seen in Bitcoin Reaching all-time highs this week.
Despite SHIB’s price action Relatively quiet Compared to other cryptocurrencies, it is forming a structure on the daily candlestick time frame chart that may soon lead to a massive rally. Technical analysis for Shiba Inu on TradingView It shows that the meme coin is about to enter into an explosive price movement.
Testing the limits of long-term structure
Technical analysis of Shiba Inu’s recent price action on the daily candlestick chart reveals that the token is currently retesting a major strong buy zone within a broad bearish structure that has shaped its trend since May 2025.
The Shiba Inu has been locked in a narrow consolidation range over the past few months, defined by a horizontal support area at the bottom and a slanting resistance trend line connecting a series of lower highs. Upper resistance now lies between $0.0000135 and $0.000014.
However, for now, Shiba Inu may continue to consolidate the strong buy zone between $0.0000108 and $0.0000120 in order to gather the necessary liquidity for the breakout momentum. Each test of this area since May has resulted in some type of buying pressure that has prevented further declines.
If SHIB can maintain stability within this accumulation zone and start pushing higher, then… The next important step will be a clean break-in Above the falling resistance line. It will need to close decisively above $0.0000150 on the daily chart to confirm the strength of this move. This type of breakout would represent a clear shift in structure and open an explosive move to $0.000017.
However, the area around $0.0000176 to $0.0000190 also coincides with the broader trend reversal zone, where the Shiba Inu may face selling pressure from previous order blocks. A rejection here could lead to another pullback that would keep the meme within its long-term consolidation range.
On the other hand, if the price can break through $0.0000190 and establish support above it, SHIB can finally escape the limits of its bearish structure and pave the way for a sustained upward move above $0.00002 again.
Current price action of Shiba Inu
At the time of writing, the Shiba Inu is trading at $0.000012 after a slight decline from $0.00013 earlier in the week. Whether this breakthrough is achieved It will depend greatly on The broader crypto market. Bitcoin’s continued dominance and momentum is driving sentiment across altcoins. Therefore, the uptrend is extended From the current standardization of Bitcoin Following its all-time high, it could also contribute to the Shiba Inu rebounding from a strong buy zone.
Meanwhile, a member of the popular Shiba Inu community has created an account on X Recently warned the SHIB Army To be careful of increasing phishing scams.
Featured image from Getty Images, chart from Tradingview.com
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