Shiba Inu Prepares for Major 200% Move to Test Resistance

Key Insights:

• Shiba Inu shows signs of a breakout, with analysts predicting a 200% move toward the $0.000032 resistance zone.
• Whale sell-offs and exchange inflows reveal mixed sentiment as traders watch for a confirmed recovery trend.
• Technical data suggest $SHIB may rebound if it sustains support near $0.000010 and breaks key resistance levels.

Shiba Inu is showing early signs of a major technical shift as market activity points to renewed bullish sentiment. Despite recent volatility, the meme coin may be setting up for a breakout move toward the $0.000032 zone, according to traders tracking price formations.

Shiba Inu Growing Optimism Amid Accumulation Breakout

Crypto market analyst Javon Marks shared on social media that Shiba Inu appears to have broken out of a key accumulation phase. He suggested that the pattern could prepare the token for an estimated 200 percent move toward the $0.000032 resistance level. This projection comes as $SHIB continues to rebound after a series of sharp declines earlier in the year.

Moreover, Dogecoin recently climbed above the $0.000010 mark after a 12% daily gain, sparking fresh optimism among traders. However, the move has also attracted caution as large holders began shifting their tokens to exchanges. Rising exchange reserves usually indicate a watchful stance from whales who might be preparing for either a rally or price correction.

Whale Activity and Market Sentiment

Data from on-chain analytics firm Nansen shows that major holders have been reducing their positions in recent sessions. The increase in exchange supply often signals hesitation, as traders assess whether the current levels can hold as new support. Shiba Inu’s price recently hovered near $0.0000099, only slightly above its one-month low of $0.0000092.

Crypto analysts note that SHIB’s next move depends heavily on its ability to stay above the $0.000010 area. If the token manages to consolidate above that level, it may build enough strength to challenge upper resistance points. Analysts remain cautious, waiting for confirmation before entering new positions, as trading volumes have fallen nearly 48% within 24 hours.

Technical Indicators Point to Potential Recovery

Technical charts suggest a possible rebound as Shiba Inu trades near a descending triangle formation on the two-hour timeframe. The current resistance stands near $0.00001022, while support lies around $0.00000963 and $0.00000868. If buyers manage to push prices above the 200-period moving average near $0.00000986, analysts expect a short-term move toward the $0.0000104 range.

The Stochastic RSI shows mild upward movement, indicating that momentum may be turning positive after recent selling pressure. With Bitcoin holding near $100,000, stability in the broader market could help Shiba Inu regain traction. Analysts also suggest that if Bitcoin and Ethereum maintain their trends, meme coins like SHIB may benefit from renewed risk appetite.

If $SHIB breaks above $0.0000104 with sustained volume, it could confirm the beginning of a broader upward phase. However, if Bitcoin retreats below $98,000, the token may revisit lower supports before finding a stronger base.