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- SHIB forms a bullish double-bottom above $0.000012.
- 87% of traders maintain bullish sentiment.
- A breakout above $0.000013 could trigger renewed momentum.
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Shiba Inu (SHIB) appears to be quietly preparing for its next major move. The token is currently holding steady around $0.00001202, showing little panic despite tight trading ranges. Market participants describe the setup as “a calm before the storm,” with both buyers and sellers maintaining a delicate balance. This kind of stability often precedes volatility — and for SHIB, the charts suggest that a bullish phase may be near.
INSIGHT: @Shibtoken holds key support as onchain activity signals accumulation 🔍$SHIB is stabilizing above critical daily support, with rising new wallet addresses showing growing investor interest
— crypto.news (@cryptodotnews) October 7, 2025
Value area low has held through multiple retests 👀 pic.twitter.com/dAk5FYZxxv
Technical Setup Points Toward a Reversal
A clear accumulation zone has formed between $0.00001150 and $0.00001190, where buyers have repeatedly absorbed selling pressure. This zone now acts as a foundation for potential upside momentum.
Within this range, SHIB is forming a double-bottom pattern, a structure that typically signals seller exhaustion and growing buyer confidence. If SHIB holds above $0.00001200, traders are eyeing resistance levels at $0.00001300 and $0.00001380 as possible targets.
While a dip below $0.00001150 could weaken the bullish setup, overall sentiment remains constructive. Daily trading volume near $178 million reflects steady interest — a sign that investors are quietly accumulating in anticipation of a breakout.
Community Optimism Fuels Momentum
The Shiba Inu community remains a driving force behind the token’s resilience. A recent survey shows 87% of one million sentiment voters expect the price to rise, reinforcing SHIB’s strong emotional connection with its holders.
Also Read: Shiba Inu Struggles with Price, But 1.5M Holders Keep SHIB Alive
Such optimism often creates self-fulfilling momentum in crypto markets. Traders liken the current setup to a “compressed spring” — calm on the surface, but charged with potential energy. If the price confirms strength above key levels, SHIB could see a sharp move toward the $0.00001450 area in the sessions ahead.
The Bottom Line
Shiba Inu’s technical foundation and strong community sentiment suggest that patience may soon pay off. As long as the token stays above $0.00001200, the setup leans bullish. Traders now wait for one decisive move to confirm what many believe is already building — a renewed Shiba Inu rally.
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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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
