2025-10-7 01:00 |
SHIB could finally be setting up for a breakout after months of going sideways. According to crypto analyst Crypto Feras, the meme coin could be at or in the final stages of its accumulation phase, and breaking above $0.00001546 could be the spark that sets off a big rally.
SHIB price is now trading at $0.00001291, resisting even as the broader market loses a bit of steam.
Analyst Eyes Major Breakout Zone for SHIB PriceIn a thread shared by TheCryptoBasic on X(Formerly Twitter), Feras explained that SHIB has been trading inside a tight range between $0.000011 and $0.00001546 for about eight months. That kind of long consolidation, he says, often builds the base for a strong move up once momentum shifts.
Feras believes that if SHIB price can close decisively above $0.00001546, it could open the door for a sharp move higher, possibly all the way to $0.00002462.
That’s roughly a 100% gain from current levels. He also hinted that if the breakout holds, SHIB could even “deliver multiple Xs” as buyers step back in.
The SHIB Chart Tells a Story of PatienceOn the SHIB chart, the price has been rebounding off a good support area ranging from $0.00001100 to $0.00001154, with persistent buying demand. As soon as the price fell towards that range, bulls jumped in and reversed it.
The top boundary, approximately $0.00001546, has served as good resistance, but successive attempts at testing that level mean pressure is mounting.
Source: X/CryptoBasicIf the price of SHIB eventually crosses over that line and holds it, experts say it would confirm the start of a new bull cycle. On the other hand, not being able to hold support under $0.00001100 would most likely mean the accumulation phase has failed and sellers have taken control again.
Read Also: Analyst Javon Marks Predicts 150% Shiba Inu (SHIB) Rally: Here’s Why
Outlook For Shiba InuNot everyone agrees on how quickly SHIB could move. Another analyst, CW, pointed out that $0.00001550 might act as a major “sell wall,” where many traders could take profits and slow the rally.
Still, SHIB price action has been quietly improving, up about 6% over the past week and 2.7% this month. After nearly eight months of sideways trading, traders are watching the $0.00001546 mark as the make-or-break level that could finally decide Shiba Inu’s next big move.
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The post Analyst Says Shiba Inu (SHIB) Price Is Headed For a Rally – Here’s What the Chart Reveals appeared first on CaptainAltcoin.
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