Shiba Inu Approaches Make-or-Break Zone as Price Decision Looms
- Shiba Inu trades near critical support zone between $0.00000850-$0.00001183.
- Breakout could target resistance levels up to $0.00008836 near all-time high.
- Breakdown below support zone would trigger 54.3% decline to $0.00000543.
Shiba Inu has reached a critical juncture that could determine its price direction through the 2025-2026 market cycle. Analyst CryptoNuclear published TradingView analysis on October 1 identifying key technical levels that will shape SHIB’s trajectory.
The 6-day chart reveals a long-term accumulation pattern developing since 2022. Following its peak at $0.00008854 in October 2021, Shiba Inu has formed lower highs and lower lows in a prolonged downtrend.
Despite this decline, SHIB has maintained a crucial demand zone between $0.00000850 and $0.00001183. CryptoNuclear describes this area as a “make-or-break” level for the meme coin’s future price action.
Price targets vary based on zone reaction
The analyst stated that prolonged consolidation around accumulation zones typically precedes explosive price movements. If SHIB breaks upward from current levels around $0.00001189, it would need to clear multiple resistance barriers.
The first confirmation target sits at $0.00001580, marking a key supply zone. A breakout above this level with strong volume and successful retest would validate the upward move and open paths to higher prices.
Subsequent resistance levels include $0.00001940, $0.00002400, and $0.00003338 based on the technical analysis. These targets represent progressively stronger overhead supply zones that could slow upward momentum.
Major supply clusters exist at $0.00007870 and $0.00008836, with the latter sitting slightly below Shiba Inu’s current all-time high. Reaching these levels would require sustained buying pressure and favorable broader market conditions.
The downside scenario presents equal importance in the analysis. If Shiba Inu loses support at $0.00000850 and $0.00001183, the token would face a breakdown toward $0.00000543.
This downside target represents a 54.3% decline from current market prices. Such a move would invalidate the accumulation pattern and potentially trigger further selling pressure from long-term holders.
CryptoNuclear advised traders and long-term investors to proceed cautiously until either breakout or breakdown occurs. The current consolidation phase offers no clear directional signals, making positioning difficult.
How Shiba Inu reacts at this critical support zone will determine its macro direction heading into the next market phase. Both bullish and bearish scenarios remain viable until price action confirms a directional move with volume.
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Shiba Inu Approaches Make-or-Break Zone as Price Decision Looms
- Shiba Inu trades near critical support zone between $0.00000850-$0.00001183.
- Breakout could target resistance levels up to $0.00008836 near all-time high.
- Breakdown below support zone would trigger 54.3% decline to $0.00000543.
Shiba Inu has reached a critical juncture that could determine its price direction through the 2025-2026 market cycle. Analyst CryptoNuclear published TradingView analysis on October 1 identifying key technical levels that will shape SHIB’s trajectory.
The 6-day chart reveals a long-term accumulation pattern developing since 2022. Following its peak at $0.00008854 in October 2021, Shiba Inu has formed lower highs and lower lows in a prolonged downtrend.
Despite this decline, SHIB has maintained a crucial demand zone between $0.00000850 and $0.00001183. CryptoNuclear describes this area as a “make-or-break” level for the meme coin’s future price action.
Price targets vary based on zone reaction
The analyst stated that prolonged consolidation around accumulation zones typically precedes explosive price movements. If SHIB breaks upward from current levels around $0.00001189, it would need to clear multiple resistance barriers.
The first confirmation target sits at $0.00001580, marking a key supply zone. A breakout above this level with strong volume and successful retest would validate the upward move and open paths to higher prices.
Subsequent resistance levels include $0.00001940, $0.00002400, and $0.00003338 based on the technical analysis. These targets represent progressively stronger overhead supply zones that could slow upward momentum.
Major supply clusters exist at $0.00007870 and $0.00008836, with the latter sitting slightly below Shiba Inu’s current all-time high. Reaching these levels would require sustained buying pressure and favorable broader market conditions.
The downside scenario presents equal importance in the analysis. If Shiba Inu loses support at $0.00000850 and $0.00001183, the token would face a breakdown toward $0.00000543.
This downside target represents a 54.3% decline from current market prices. Such a move would invalidate the accumulation pattern and potentially trigger further selling pressure from long-term holders.
CryptoNuclear advised traders and long-term investors to proceed cautiously until either breakout or breakdown occurs. The current consolidation phase offers no clear directional signals, making positioning difficult.
How Shiba Inu reacts at this critical support zone will determine its macro direction heading into the next market phase. Both bullish and bearish scenarios remain viable until price action confirms a directional move with volume.
Read More
Shiba Inu price forecast: analyst eyes a 670% breakout