Shiba Inu Breaks Out of Long-Term Accumulation Range as Analysts Eye a 200% Move Toward $0.000032

SHIB completes the key accumulation phase, signaling renewed strength and bullish technical structure.

Price targets $0.000032 resistance, with potential 200% move if current momentum continues.

Stable trading volume and higher lows indicate sustained accumulation and controlled market activity.

Shiba Inu (SHIB) appears to have completed a key accumulation phase, forming a structure that indicates renewed market strength. The asset shows technical recovery signs supported by consistent trading activity and rising interest among holders. Market data reflects a stable setup that could prepare for a major upward extension toward the next resistance levels.

Breakout Structure and Accumulation Phase

Javon Marks, a well known crypto analyst noted that Shiba Inu appears to have broken out of a long-term accumulation range formed in previous sessions. The chart shows early bullish divergences that developed during the first quarter of the year, aligning with renewed price strength. According to historical movements, there have been several periods of consolidation since the 2021 peak, and the subsequent establishment of a base in 2022 and 2023.

Price data from TradingView indicates SHIB trading near $0.00000994, maintaining stability after recovering from prior lows near $0.000007. Market activity indicates that there is a consistent participation with moderate level of volume which indicates that there is still interest in the current price ranges. The asset’s structure remains above its former accumulation trendline, while higher lows across the weekly chart reflect controlled buying behavior.

Source: ShibKnight(X)

According to an observation by Shib Knight, SHIB has formed a small bullish pennant pattern following recent gains. Buyers remain active near $0.00000995, and sellers are positioned close to $0.00000994, showing a narrowing price range before the next move. Resistance appears near $0.00001100 and $0.00001200, while support remains steady around $0.00000900.

Resistance Targets and Market Outlook

Technical projections indicate the next major resistance zone near $0.000032, aligning with prior rejection points recorded in 2023. Marks noted that prices could prepare for an estimated 200% advance toward this level if current conditions hold

Source: CoinMarketCap

The chart structure supports this view, showing price compression and gradual momentum buildup consistent with past breakout phases. Data from CoinMarketCap shows SHIB’s market capitalization at $5.87 billion, supported by over 2.8 million holders

The 24-hour trading volume stood at $152.5 million, representing healthy liquidity across exchanges. Analysts continue monitoring SHIB’s reaction within the current breakout range as market conditions evolve. Sustained accumulation and controlled volatility could position Shiba Inu for another upward phase toward the projected resistance at $0.000032.

The post Shiba Inu Breaks Out of Long-Term Accumulation Range as Analysts Eye a 200% Move Toward $0.000032 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.