Shiba Inu May Be On Path To Massive Surge, Here’s Why

Shiba Inu price (SHIB) has broken out of a consolidation phase as the market appears on the verge of a bullish breakout.

When a price consolidates inside a marked range, a tiny catalyst could drive the price a considerable distance higher, according to analysts.

Shiba Inu Coin’s Price Breaks Out Of Consolidation Phase

According to analyst charts, Shiba Inu has been going in a price range over the past few months.

During consolidation, the market is stationary and prices consolidate before support and resistance levels are found.

This consolidation preceded a breakout, or a reverse breakout, from the price that rockets or falls dramatically.

CoinMarketCap data also shows a consolidation phase in SHIB’s price action. SHIB has seen a dramatic upsurge from mid-2024, then a subsequent fall to where the coin is in the consolidation.

As of press time, the Shiba Inu price stood at $0.00…1480, a 4.41% increase in value in the past 24 hours.

Before the surge, SHIB price was consolidating within $0.0000126 – $0.0000130. That said, there is a mix of caution and optimism regarding SHIB’s general sentiment.

The Shiba Inu price action suggests that a sharp move to the upside or downside will come.

They indicate there could be a ‘spark’ that would set off a prime move. Pivotal to the breakout in price is often the consolidation phase, and market watchers anticipate that.

Another very important indicator is the volume on the SHIB chart. The market has not been very volatile in the last couple of weeks, which means that the market is waiting for some catalyst to take the price one way or the other.

A sharp price surge becomes possible if there is buying pressure. According to the current volume, the market is ready for a breakout, and SHIB could have a strong momentum if it breaks the resistance levels.

CoinMarketCap data again showed that the trading volume doubled over the last day at $318.84 million as of press time.

Technical Analysis Showed a Downtrend for Shiba Inu Coin Price But…

It is interesting to note that the prior day’s daily charts were showing the price following a downward sloping channel with lower highs and lower lows. This signifies a bearish trend at present.

While pushing below the channel’s upper boundary, SHIB started to break higher above the channel’s upper boundary.

April 2025 is the breakout to the upside and could be a reversing or consolidating phase.

The support around the $0.000012 area is historically where SHIB has found support, which, in this case, reinforces the lower limit of the declining channel.

This was a key support zone, and as the price broke above it again, there is a probability it holds and functions as a psychological level for traders if the price revisits it.

On the other hand, before this, the channel’s upper resistance had capped the price. This lies near $0.000014.

As there is a recent price movement above this resistance level, trading in SHIB here shows that the resistance level is weakening. This is an indication that the coin might not plummet after this breakout.

Shiba Inu broke above $0.000013 and displayed a significant rally. If it moves higher to the next resistance area around $0.000016, there is a greater chance for the bullish case to hold.

What Next

A continued buying volume and an upward price movement would ensure a bullish scenario.

This brings us to the possibility of Shiba Inu (SHIB) meeting rejection if it loses its battle of holding above the breakout level.

This is where it can be seen that it is encountering a pullback to the channel’s lower boundary towards $0.000012.

Overall, SHIB’s recent breakout above the channel resistance, at the same time with considerable volume, indicates the shift into bullish sentiment.

If the price does not break below the breakout level, then SHIB may continue to new highs around $0.000016.

Once the breakout is confirmed, traders should wait for potential failure to hold these levels. Should this happen, a retest of lower support zones is possible.

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