Shiba Inu (SHIB) is drawing renewed attention as the meme coin tests a critical $0.000012 support, with bulls positioning for a potential breakout toward the $0.0000145 resistance zone.
After a volatile week that saw SHIB retreat from recent highs, traders are now closely watching whether this consolidation marks the beginning of a stronger recovery. Market sentiment, whale accumulation, and technical patterns all point to a make-or-break moment for the token.
Bulls Defend Key Support Zone
Shiba Inu (SHIB) is holding firm at a crucial support level near $0.000012, signaling resilience in the face of recent market volatility. The meme-inspired cryptocurrency has consolidated after a sharp pullback from its September peak of $0.00001484, losing around 13% in two trading days.
SHIB shows bullish momentum with a potential move toward 0.00001580, supported by SMA breakout, Ichimoku confirmation, and key correlated pairs. Source: The Thief on TradingView
Community confidence remains a defining factor. Even as broader crypto markets recorded over $425 million in liquidations, with meme coins like Dogecoin and PEPE facing steep declines, Shiba Inu has managed to preserve its structure. The $0.000012 support has emerged as the frontline where bulls continue to absorb selling pressure.
Whale Activity Signals Confidence
Adding weight to the bullish narrative, whale investors are increasing their exposure to SHIB. Data from Arkham Intelligence shows that a single wallet withdrew more than 500 billion SHIB tokens (worth approximately $6.7 million) into cold storage last week. Such large-scale accumulation is typically interpreted as a long-term bullish signal.
Arkham’s first week improved clustering, trust signals, and wallet attribution by 17–23%. Source: Solyx via X
Despite bullish signals, whale accumulation, and the upcoming Leash V2 migration, Shiba Inu community activity remains muted, likely due to market caution.
Whale accumulation during market corrections reflects strong conviction in Shiba Inu’s future trajectory. The move comes amid anticipation of an imminent Dogecoin ETF in the U.S., which is fueling broader interest in meme coins.
Breakout Path Toward $0.0000145
If Shiba Inu maintains the present level of support, technical analysis points to a possible breakout at $0.0000140–$0.0000145. This is an area of historical resistance and Fibonacci retracement levels, so it’s an interesting place for traders to watch.
$SHIB shows early signs of a potential short-term rally despite overall market stagnation. Source: $SHIB KNIGHT via X
Market analysts suggest that a clear breakdown above $0.00001300 could trigger short squeezes and attract new buying pressure. “A clean breakout would set SHIB up to test $0.0000145 in the near future,” crypto trader @army_shiba tweeted, referencing an ascending triangle chart pattern observed on SHIB’s charts.
Technical forecasts even project that there is a potential upside of up to 155% if SHIB firmly breaches its trendline resistance. Price objectives in such an event could reach up to $0.00001750, with a successful rally aiming at the previous high of $0.00003400.
Shiba Inu Outlook: What’s Next
In the future, Shiba Inu remains at a crossroads. The upcoming trading sessions will be crucial in determining whether the bulls can maintain momentum. The short-term task is to breach above the resistance area of $0.00001300 to $0.00001350, an area that has repeatedly capped rallies.
Macro forces are also in the picture. Investors are watching the Federal Reserve’s scheduled 25 basis point rate cut that can pour new liquidity into risk assets like cryptocurrencies. If it is accompanied by renewed retail participation, SHIB can have supportive conditions.
Final Thoughts
Shiba Inu’s retention of the $0.000012 support price is a good omen for investors and traders looking for its next direction.
Shiba Inu was trading at around $0.00001301, down in the last 24 hours at press time. Source: Brave New Coin
With whales stacking millions of tokens’ worth and technical indicators pointing towards a breakout possibility, the token could be gearing up for a fresh rally to $0.0000145. While there are still concerns regarding breaking resistance and overall market volatility, the combination of strong community backing, institutional interest, and upcoming market catalysts keeps the outlook for Shiba Inu cautiously positive.
