Key Insights
- •SHIB trades just under $0.000013 resistance with buyers building support around $0.00001200.
- •Long-term chart shows SHIB in accumulation zone between $0.00001000 and $0.00001250 levels.
- •Break above $0.000013 with volume could open a path toward a $0.0000155 price target soon.
Shiba Inu (SHIB) was trading near a key resistance level that traders are closely monitoring. At the time of writing, SHIB was priced at $0.00001247, with a 24‑hour trading volume of approximately $196 million. The token is down slightly by 0.42% on the day but has gained 7% over the past week.
Price Holds Below Key Resistance at $0.000013
The short‑term SHIB/USDT chart shows price movement just under the $0.000013 level. This zone has acted as resistance in recent sessions. Sellers have previously stepped in at this point, preventing further gains. SHIB is currently consolidating around $0.00001247, showing limited volatility in the near term.
Analyst CW stated:
“If $SHIB breaks through the sell wall of $0.000013, it will continue to rise to $0.0000155.”
This level aligns with a previous rejection zone visible on the 4‑hour chart. Below current levels, demand appears between $0.00001050 and $0.00001200, providing a possible support base.
Accumulation Phase Visible on Long‑Term Chart
A weekly view shared by EtherNasyonaL shows that SHIB has remained in a sideways range for months. The price has held between $0.00001000 and $0.00001250, forming what appears to be an accumulation zone. This phase has followed a steady downtrend since the all‑time high in 2021.
A descending trendline drawn from that high remains unbroken. SHIB is once again approaching this line. The chart includes possible future moves toward earlier supply zones around $0.00002500, $0.00003500, and $0.00006000, assuming price breaks above the trendline. The analyst described this setup as “the calm before the storm,” referring to the current low‑volatility range.
Volume Builds as Market Watches Key Level
Trading activity has picked up during recent upward moves, showing increased participation. However, no breakout has been confirmed. The $0.000013 level remains the area to watch. A move above this zone, supported by volume, would add strength to the next target around $0.0000155.
Until that happens, SHIB may continue to trade within the current range. Buyers will likely need to defend levels near $0.00001200 to keep momentum in place. The next sessions may be important in determining whether SHIB can attempt a move beyond its current ceiling.