- SHIB forms a base near $0.0000095, showing strength before a possible breakout to higher levels.
- The chart signals growing demand as traders accumulate positions around the key support range on Binance.
- Analysts project a 20% upside potential once resistance at $0.0000110 is confirmed with volume.
Shiba Inu (SHIB) is showing renewed momentum after forming a strong accumulation zone that signals a possible breakout ahead. According to a four-hour chart shared by Shib Spain on X (formerly Twitter), SHIB has established a solid base near $0.0000095 and is preparing for what the analyst described as a “massive next leg up.”
The chart, posted on October 29, 2025, indicates a clear horizontal resistance line and a major support block where price consolidations have occurred multiple times. SHIB’s price action has displayed repeated rebounds from this range, suggesting that buyers are actively defending lower levels before a potential surge.
Buyers Accumulate Near Support as Market Awaits a Breakout
The highlighted accumulation zone between $0.0000090 and $0.0000095 shows consistent buying pressure. Each time the token’s price approaches this level, traders enter long positions, signaling strong market confidence.
Data from Binance’s 4-hour chart confirms that SHIB has respected this demand region since mid-October, with multiple rejections of attempts to break below. This technical behavior reflects a well-established support base that could power the next bullish leg.
A large blue arrow drawn on the chart projects a sharp move to the upside once the consolidation resolves. Analysts note that such patterns typically precede significant volatility spikes, often driving momentum toward key resistance levels above $0.0000110 and $0.0000145.
Market Sentiment Turns Optimistic Amid Broader Meme Coin Recovery
Investor sentiment toward SHIB has grown increasingly positive over the past week. The post by Shib Spain received over 9,300 views within 24 hours, reflecting heightened community engagement. Social media discussions highlight growing excitement, with many traders expecting SHIB’s upward move to align with the broader meme coin rebound seen across the market.
On-chain trends mirror this optimism. SHIB’s active addresses have risen steadily, and liquidity inflows into decentralized exchanges have picked up pace. This renewed participation suggests traders are positioning early in anticipation of a potential breakout toward the $0.0000120 region.
The move could also coincide with Bitcoin’s recent volatility, which has historically influenced meme coin cycles. If market sentiment remains risk-on, SHIB may extend its recovery phase into November.
Technical Setup Points to a Possible 20% Upside Potential
The technical formation displayed in the chart hints at a 20% to 30% upside potential once price breaches resistance near $0.0000105. Analysts believe the consolidation structure closely resembles past bullish continuation setups, which often precede sharp directional moves.
Bulls are likely to target the next major resistance area near $0.0000140, which aligns with prior reversal points. Volume expansion will be key to confirming this move. A surge above $0.0000110 could attract fresh buying momentum from traders monitoring breakout confirmations.
Meanwhile, maintaining the $0.0000090 support range remains crucial for preserving SHIB’s bullish bias in the short term. The convergence of horizontal support, repeated bounce patterns, and positive sentiment collectively indicate a tightening coil ready for release.
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