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- SHIB trades near $0.00001042 support zone.
- Double-bottom pattern signals potential trend reversal.
- Break above mid-range resistance could yield ~30% upside.
Shiba Inu (SHIB) is showing resilience as it consolidates within a crucial support range, signaling potential for a significant rally. According to recent technical insights shared by Shib Spain, the popular meme coin has been forming a strong base around $0.00001042 on Binance, sparking bullish sentiment among traders and community members alike.
$SHIB is holding strong into this range.
— Shib Spain (@ShibSpain) October 26, 2025
MASSIVE RALLY INCOMING! 🚀 pic.twitter.com/tez8H31Ta5
SHIB Consolidation Signals Potential Breakout
The 4-hour SHIB/USDT chart reveals a clear rectangular support zone where price fluctuations have been contained over multiple sessions. This accumulation phase suggests that buying pressure may be building, setting the stage for a potential parabolic rise. Analysts anticipate that if SHIB breaks above mid-range resistance, the token could target $0.00001350, representing nearly 30% upside from current levels.
The chart features a symmetrical structure with dips consistently met by increased buying volume, reinforcing the credibility of this bullish outlook. Historical patterns show that similar consolidation zones have preceded multi-week rallies, giving traders a technical basis to expect renewed momentum.
Double-Bottom Formation Adds Bullish Credence
Technical analysis points to a possible double-bottom reversal forming within SHIB’s support range. This classic bullish pattern occurs when buyers defend a key level, forming a “neckline” that must be breached for confirmation. A breakout above this horizontal resistance on higher trading volume could validate the reversal, potentially triggering a sustained upward trend.
The repeated recovery after short-term pullbacks highlights the market’s resilience. As momentum shifts in favor of buyers, SHIB could see a series of higher highs and higher lows, marking a structural trend reversal.
Market Sentiment Remains Positive
Investor enthusiasm is evident, with community posts generating thousands of views and hundreds of likes shortly after sharing. Many holders consider the $0.00001000 zone a key defensive area, and a sustained hold above it could attract fresh buying interest.
Also Read: Shiba Inu Holder Growth Surges Despite Price Pressure: What’s Next for SHIB?
If the current consolidation continues and momentum builds, SHIB may not only test upper resistance zones but also extend beyond them, potentially sparking a high-volatility trading phase and renewed trader engagement.
Shiba Inu’s current support range and technical structure suggest that the token is well-positioned for a potential breakout. With community sentiment high and accumulation zones strengthening, traders are closely watching for the next major move that could propel SHIB to new levels.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
