SHIB Repeats Historic ‘Quiet Phase’ Near $0.00001: Analyst Sees Breakout Setup
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- Shiba Inu (SHIB) price stuck in tight range near $0.00001, marked by declining volume.
- Analysts see this Shiba Inu price consolidation breakout pattern as typical accumulation before rallies.
- Breaking the key descending trendline resistance near $0.00001740 is crucial for upside confirmation.
Shiba Inu (SHIB) price remains locked in a prolonged consolidation phase near $0.000009970, testing the patience of its vast holder base. Characterized by declining trading volume and tight rangebound action, this period mirrors historical patterns for the token, leading analysts like MMB Trader to suggest it might be an accumulation phase building for a Shiba Inu price consolidation breakout.
According to his analysis, Shiba Inu’s prolonged negative trading has tested holders’ patience, yet such phases historically mark accumulation before impulsive price moves.
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Coins
$ 0.000207
$ 0.001
$ 0.00...439
+0.63%
$ 0.527
$ 0.000161
Predictions Markets
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In This News
Coins
$ 0.000207
$ 0.001
$ 0.00...439
+0.63%$ 0.527
$ 0.000161
Predictions Markets
See what traders are focused on
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