Shiba Inu (SHIB) has continued to experience an underwhelming performance in recent months, with its stuck around the $0.00001 region. Currently, SHIB is changing hands at $0.00001219, reflecting a 4.01% decline over the past month.
The cryptocurrency has struggled to reclaim its previous highs, with analysts pointing to major price zones that may influence its future movement. The focus is on two major areas: the Strong Buy Zone at $0.0000108 and the Trend Reversal Zone at $0.0000176.
TradingView analyst ForexDreamVantage highlighted $0.00001080 as a crucial support zone for Shiba Inu, noting that it has historically triggered strong price rebounds from this level. According to the chart, traders have vigorously defended the $0.00001080 level with substantial buy orders, effectively preventing a deeper decline in Shiba Inu’s price.
Trend Reversal Zone: Resistance with Potential Breakout
Conversely, the Trend Reversal Zone, highlighted as $0.0000176, serves as a key resistance level for SHIB. The token had initially struggled to break past this zone in mid-May 2025.
However, the analyst suggested that a strong breakout above this level could trigger a possible rally. If SHIB surpasses the resistance at $0.0000176, it would mark the beginning of an upward trend, targeting higher price levels.
Per ForexDreamVantage, before SHIB can initiate this rally, it may first test the upper resistance level and then dip below support to seek liquidity, allowing large traders to accumulate the token at lower prices. He believes this move would help Shiba Inu build the momentum needed for a decisive breakout.
In light of this, the expert echoed that “Shiba Inu may ‘discharge’ soon,” hinting at an imminent rally for the meme-inspired token.
The chart also reveals a descending triangle pattern, which signals a period of consolidation followed by a possible breakout. This pattern shows that Shiba Inu may be preparing for a large price movement, either up or down. In the case of an upward breakout, SHIB could surge toward the next price targets, while failure to maintain support at the Strong Buy Zone could lead to continued consolidation or further price drops.
Meanwhile, despite the recent downtrend in October, Shiba Inu has shown resilience this month. It spiked to around $0.000013 on October 6 before retracing due to a broader market collapse. At the time of writing, SHIB was trading at $0.00001217, down 1.47% over the past day and 0.83% in one week.
It is currently ranked as the 22nd-biggest cryptocurrency globally, boasting a valuation of $7.17 billion.
The CoinRemark Team
