- SHIB holds above $0.00001200, with price consolidation pointing to a likely breakout targeting the $0.00001450 zone soon.
- The chart shows a steady pattern of higher lows suggesting strong buying pressure building around $0.00001295 on Binance.
- If SHIB clears the $0.00001300 resistance, it could trigger a bullish run toward the next price target at $0.00001450.
Shiba Inu (SHIB) is showing strong signs of a potential breakout after consolidating tightly within a rising structure on the 4-hour Binance chart. The token currently trades at $0.00001295, marking a 0.31% daily gain as bulls prepare for what could be a decisive upward move.
The chart shared by @SHIBMortal suggests that SHIB is approaching the top of a short-term accumulation box, a pattern often preceding a sharp price rally. The visual projection shows a green arrow pointing toward $0.00001450, hinting at the next likely resistance level.
According to the data, SHIB’s price action has formed a series of higher lows, indicating growing buyer confidence across mid-term intervals. The breakout scenario, if confirmed, could signal renewed momentum for the token, which has recently reclaimed the $0.00001200 support zone after weeks of ranging trade.
Chart Pattern Shows Early Signs of Strength
The structure outlined on the chart highlights a rectangular consolidation pattern, followed by a potential breakout signal enclosed in a white circle. This indicates a possible start of a new bullish leg that could lift SHIB toward a new local high.
Analysts tracking SHIB note that the asset’s steady climb from recent lows near $0.00001000 aligns with increased trading volume, supporting bullish conditions. The token has maintained its position above key short-term averages, further strengthening its technical outlook.
The pattern also suggests that market participants are accumulating positions before a breakout attempt. Historically, such tight consolidation zones have preceded major directional moves in SHIB’s trading history, often triggered by heightened social sentiment and short liquidations.
If SHIB sustains momentum above $0.00001300, it could aim for $0.00001450, the projected technical target. Failure to hold above its current range, however, may push it back toward $0.00001200, where buyers have repeatedly re-entered.
Market Sentiment and Breakout Outlook
Market chatter across social media reflects growing anticipation for SHIB’s next move, with traders referring to a “breakout phase.” The post featuring the chart received thousands of views, signaling strong community engagement and renewed optimism among SHIB supporters.
Comments suggest that many traders expect SHIB to challenge its upper resistance soon, with some predicting a potential run toward a new all-time high (ATH) if momentum continues. The current consolidation pattern’s clean structure gives traders confidence that SHIB’s breakout could be sustained once resistance levels are cleared.
As momentum builds, traders are watching for confirmation candles above $0.00001300 to validate the pattern. A decisive breakout could drive volume spikes and trigger new inflows from retail and speculative traders.
The answer may depend on how quickly bulls can defend support levels and extend price action toward the $0.00001450 mark. With consistent buying pressure and strong chart alignment, SHIB’s next move could define its short-term trend in the broader altcoin landscape.
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