Summary:
- SHIB trading in a $0.0000050–$0.00004 range since 2021 breakout
- Analyst Joey Keasberry calls current setup “one of the most unreal”
- Whale holdings up by 1.58%, retail investor presence declines
- Analyst Şeyma points to $0.000017 as key breakout confirmation level
- Successful breakout could send SHIB toward $0.000030
A Calm Before the Storm?
Shiba Inu (SHIB), the popular meme coin, might be on the verge of a significant breakout, according to market analysts closely monitoring its prolonged consolidation phase. Trading within the same wide range since its 2021 breakout, SHIB’s current structure has sparked optimism among traders looking for the next major move.
Market analyst Joey Keasberry described SHIB’s chart as “one of the most unreal” he has seen, hinting at a potential setup for an explosive breakout. While a breakout hasn’t happened yet, the setup suggests that “volatility compression” may soon give way to a strong price movement.
Whale Accumulation Signals Confidence
Supporting this bullish outlook is a notable shift in investor behavior. Large holders—commonly referred to as whales—have increased their SHIB holdings by 1.58%, even as retail exposure has dropped. This trend indicates rising institutional or high-net-worth interest, often considered a precursor to strong market moves.
Long-Term Range Defines SHIB’s Market Behavior
Since its 2021 surge, SHIB has respected a horizontal range between $0.0000050 and $0.00004. Even after multiple tests of both boundaries, the price has failed to break through—creating a classic consolidation structure. SHIB’s recent price action includes a 6% 24-hour gain, currently trading at $0.00001533.
Key Resistance Levels to Watch
Another respected analyst, Şeyma, emphasizes the importance of watching SHIB’s weekly chart. A close above $0.000015 could indicate a shift in market structure, but the real confirmation lies at $0.000017. Breaking through these levels could open the path to $0.000030, a significant upward target.
On the flip side, failure to clear these resistance zones may result in SHIB returning to its lower demand areas, prolonging the consolidation phase or triggering a retracement.
Final Thoughts
While SHIB’s price might seem stagnant, analysts suggest this could be the calm before the storm. With whale accumulation on the rise and technical signals pointing toward a breakout, SHIB holders may want to keep a close eye on the charts.
Will SHIB finally break out of its long-term range? Only time—and volume—will tell.