- A tight trading area signals accumulation activities which could result in quick price volatility for Shiba Inu.
- The market value of Shiba Inu adopts a two-part structure where support stays active between $0.00001400 – $0.00001200 and resistance exists at $0.00001650 – $0.00001750 to make an upward price shift possible.
- A price rebound appears more likely as the 9-count TD Sequential indicator points to exhaustion of current market trends.
Shiba Inu (SHIB) appears to be in a prolonged consolidation phase, a pattern that has historically led to significant price movements. According to Shib Spain, he suggests that the cryptocurrency is forming a base, potentially positioning itself for a breakout.
The longer the $SHIB consolidation.
— Shib Spain (@ShibSpain) February 11, 2025
The bigger the breakout will be! 🔥🚀 pic.twitter.com/gARCxqx92q
A prolonged downtrend has led the SHIB/USDT pair into a current phase of consolidation. The market shows stabilizing price movements across a restricted zone which signifies seller and buyer alignment towards price balance. The support zone is between $0.00001400 and $0.00001200, which has historically provided a strong demand level. On the other hand, resistance is evident in the $0.00001650 – $0.00001750 range, where sellers have been consistently rejecting price advances. The price will likely experience a sudden bullish trend if it surpasses this resistance area.
Critical Levels and the Market Future Outlook
At the time of writing,Shiba Inu (SHIB) was trading at $0.00001573, reflecting a 3.69% decline. SHIB shows declining value in relation to Bitcoin (BTC) by 2.1% and Ethereum (ETH) by 0.5% as the market continues to move downward for all pairs.
The market indicates a bearish direction shown through its price decrease while facing downward movement with significant trading pairs. A combination of profit-taking and market adjustments and external economic forces have resulted in price movement.
However, if bullish momentum builds and SHIB breaks above $0.00001643, the price could rally towards $0.0000168 – $0.0000172. On the other hand, if selling pressure persists and SHIB falls below $0.00001548, it could drop further to $0.0000150 – $0.0000148, as traders offload positions.
SHIB TD Sequential Indicator Signals a Potential Reversal
Despite the negative momentum experience on SHIB price, Analyst ALI suggests that SHIB is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart. The SHIB/USDT indicates that the ongoing downtrend may be losing momentum with the 9-count formation often associated with trend exhaustion, signaling that a price rebound could be on the horizon.
The price activity of SHIB depends significantly on both Bitcoin’s market trends and total crypto market conditions. A continued rise in SHIB’s price might happen if it reaches important support zones with rising trading volume.However, without renewed buying interest, further price consolidation may occur before a decisive breakout.
