Shiba Inu has maintained steady momentum in recent days, trading at approximately $0.00001197 after bouncing from its weekly lows near $0.00001180. Shiba Inu’s recent bounce follows a period of increased activity that saw Bitcoin reach new all-time highs this week. Although SHIB’s price action is relatively quiet compared to other cryptocurrencies, it is forming a structure on the daily candlestick timeframe chart that could soon lead to an explosive rally. Technical analysis of Shiba Inu on the TradingView platform shows that the meme coin is about to go on an explosive price action. Testing The Boundaries Of A Long-Term Structure Technical analysis of Shiba Inu’s recent price movement on the daily candlestick chart reveals that the token is currently retesting a major strong buy zone within a broad descending structure that has shaped its trend since May 2025. Shiba Inu has been locked in a tight consolidation range over the past several months, defined by a horizontal support region at the bottom and a slanting resistance trendline connecting a sequence of lower highs. The upper resistance is now situated between $0.0000135 and $0.000014. However, as it stands, Shiba Inu may still solidify its strong buy zone between $0.0000108 and $0.0000120 in order to collect liquidity that’s needed for a breakout momentum. Each test of this area since May has led to some sort of buying pressure that has prevented further declines. If SHIB can maintain stability within this accumulation zone and begin to push higher, the next important step would be a clean breakout above its descending resistance line. It would need to close decisively above $0.0000150 on the daily chart to confirm the strength of this move. That kind of breakout would mark a clear shift in structure and open up an explosive move to $0.000017. However, the area around $0.0000176 to $0.0000190 also coincides with a broader trend reversal zone, where Shiba Inu might experience selling pressure from previous order blocks. A rejection here could cause another pullback that will keep the meme coin within its long-term consolidation. On the other hand, if the price manages to pierce through $0.0000190 and establish support above it, the SHIB could finally escape the confines of its descending structure and set the stage for a sustained bullish move above $0.00002 again. Current Shiba Inu Price Action At the time of writing, Shiba Inu is trading at $0.000012 after a mild pullback from $0.00013 earlier in the week. Whether this breakout materializes will depend heavily on the broader crypto market. Bitcoin’s continued dominance and momentum are dictating the sentiment across altcoins. Therefore, an extended uptrend from Bitcoin’s current consolidation after its most recent all-time high could also contribute to Shiba Inu bouncing off its strong buy zone. Meanwhile, a popular Shiba Inu community member account on X recently warned the SHIB Army to be careful of a growing phishing scam.
