 
 
Shiba Inu (SHIB) is showing renewed strength, consolidating tightly above a critical support zone and hinting at an impending breakout, according to market analyst Crypto Beeb.
Trading around $0.000009039, the meme-inspired token remains firmly above key short-term exponential moving averages EMAs, a classic indicator of growing bullish momentum.
Technical analysis suggests SHIB is in a “coiling” phase, a tight consolidation above key support that often precedes major moves.
A breakout above $0.0000106 could trigger a swift rally toward $0.0000117, potentially paving the way for an extended bullish run if market sentiment remains favorable.
Notably, $0.0000096 remains the key support for SHIB. Holding this level could reinforce bullish confidence and act as a springboard for renewed buying, with technical indicators signaling a gradual shift in momentum toward the bulls.
 
Crypto Beeb observes that SHIB’s current price action echoes past breakout patterns, calm accumulation phases followed by sharp rallies once resistance is breached. A surge in trading volume or bullish signals from indicators, such as the RSI, could further validate a potential upward move.
Therefore, Shiba Inu sits at a critical technical junction. Firm above support and testing resistance, its next move could set the tone for the coming weeks.
Meanwhile, SHIB is witnessing quiet accumulation, with 1.54 million holders positioning ahead of the next potential surge.