Shiba Inu Trades in Tight Range as Analysts Eye $0.00001546 Breakout Level

Shiba Inu could be nearing the end of its consolidation phase, according to a leading market analyst who expects the token to deliver major gains soon. Despite recent pullbacks, the meme coin continues to hold strong support levels, indicating that accumulation remains active. Investors are watching closely for signs of an upside breakout that could trigger a significant rally. Market analysts believe that a move above key resistance could mark the beginning of Shiba Inu’s next major bullish cycle . Analyst Identifies Key Breakout Zone for Shiba Inu Shiba Inu recently attempted to climb above $0.000013 but slipped below $0.00001250 following a mild correction in the broader crypto market. While the dip disappointed some investors, analyst Crypto Feras maintained that the token remains within a healthy “super clean accumulation” range. He pointed out that SHIB has traded sideways for several months between $0.000011 and $0.00001150, consistently rebounding from stable support. According to Feras, this extended consolidation phase has built a strong technical base for a potential bullish reversal. He projected that once momentum returns, Shiba Inu could climb toward $0.00001546, a level that has repeatedly acted as strong resistance. A confirmed breakout above this threshold, he added, could ignite a powerful rally for the token. Feras’s chart analysis suggested that SHIB could surge to around $0.00002462 if it breaks above $0.00001546, marking nearly a 100% rise from its current level. He further stated that a decisive move beyond that resistance could lead to “multiple Xs” in returns, implying sustained upward movement fueled by renewed buying interest. Source: X Resistance Levels Could Define Shiba Inu’s Next Move Other analysts share a more cautious outlook, highlighting resistance near $0.000015 as a crucial inflection point for Shiba Inu. Crypto analyst CW identified $0.00001550 as the next major sell wall, suggesting that traders could begin taking profits if the price approaches that level. He warned that this could create temporary selling pressure and slow SHIB’s short-term gains. However, CW noted that strong buying momentum could offset the expected resistance. If trading volume increases and buyers maintain control, Shiba Inu may overcome the sell wall and aim for higher targets. He emphasized that the market’s reaction around this level will likely determine whether SHIB can sustain its bullish trajectory. SHIB next sell wall. Source: X The recent correction has triggered mixed reactions within the community. Some holders expressed frustration at the pullback, while others view it as a consolidation opportunity before a breakout. Analysts like Feras remain optimistic that the ongoing accumulation reflects strength rather than weakness, reinforcing confidence in SHIB’s long-term structure. At the time of writing, SHIB was trading at $0.00001268, reflecting a modest 0.09% decline over the past 24 hours.