SHIB Builds 244-Day Range With Breakout Target Set At $0.00001546

SHIB trades in a 244-day accumulation zone with buyers targeting a breakout above $0.00001546 soon.

Analysts project $0.00002462 as the next milestone if SHIB confirms a breakout beyond the upper range.

The long consolidation shows steady accumulation that may lead to a strong uptrend once resistance flips.

Shiba Inu (SHIB) is showing signs of a potential breakout after months of consolidation, according to a recent analysis shared by Crypto Feras. The meme-based cryptocurrency currently trades near $0.00001288, forming a strong accumulation range that has persisted for nearly 244 days. The analyst projects that once SHIB flips the $0.00001546 resistance, multiple upside targets could activate in sequence, leading to a significant bullish expansion

Extended Accumulation Hints at Upcoming Market Reversal

The TradingView chart presented by Crypto Feras shows SHIB consolidating within a well-defined horizontal range between $0.00001080 and $0.00001546. This accumulation phase has been ongoing for more than eight months, marked by repeated retests of support and resistance boundaries. Each arrow in the chart reflects renewed buying interest whenever SHIB revisited the lower edge of the range.

According to the analyst, this structure represents a “super clean accumulation range,” a technical term describing market behavior where large participants accumulate tokens before a directional move. The range’s upper limit at $0.00001546 has acted as a strong resistance barrier, containing price action within a narrow consolidation corridor.

Volume analysis indicates subdued volatility, a common feature before high-impact market movements. As accumulation extends, traders are increasingly focused on potential catalysts that could push SHIB out of the range. A decisive breakout above the $0.00001546 level could spark a rally targeting $0.00002462, according to the projections displayed on the chart.

The analyst further noted that if the upper boundary flips to support, “multiple Xs are coming next,” suggesting that exponential returns could follow in subsequent phases. Market watchers interpret this statement as an expectation of sustained bullish momentum following the breakout confirmation.

Key Price Levels Define the Next Phase of SHIB’s Structure

SHIB’s current technical outlook hinges on its ability to hold above the mid-range level near $0.00001200, which has acted as equilibrium during the consolidation phase. Maintaining this zone could enable the token to build the momentum required to challenge upper resistance.

The accumulation chart also outlines projected path markers that signal how SHIB might progress once the resistance level breaks. The initial move could aim for $0.00001934, followed by potential extensions toward $0.00002462 and $0.00003261 if sustained volume accompanies the breakout.

Over the 244-day accumulation period, SHIB’s price has formed higher lows along the base structure, indicating gradual strengthening of bullish conviction. Technical traders view these higher lows as a constructive sign within a consolidation range, as they often precede breakout attempts.

On-chain metrics have also supported the accumulation narrative, showing consistent holder retention and stable liquidity pools. These indicators align with the idea that SHIB remains under accumulation by longer-term investors awaiting structural confirmation.

Could SHIB’s 244-Day Structure Signal the Start of a New Rally?

The pressing question for traders now is: Can SHIB’s 244-day accumulation structure ignite a fresh rally once $0.00001546 breaks? The analyst’s projection suggests that the breakout could be imminent, contingent upon a confirmed daily or weekly close above the range. If SHIB sustains above the $0.00001546 resistance, the move could replicate previous market cycles where prolonged accumulation phases preceded rapid upward expansions.

However, as of now, SHIB continues to trade tightly within its range near $0.00001288, showing limited volatility but maintaining steady bullish interest. The sustained defense of lower support near $0.00001080 reinforces the pattern’s stability and signals that buyers remain active within the range.

This technical structure mirrors earlier consolidation patterns in SHIB’s history, which led to notable rallies after extended compression periods. Should this cycle repeat, the breakout could define the token’s trajectory for the remainder of 2025.

At the time of reporting, SHIB’s market performance reflects equilibrium between cautious traders and accumulating investors. The breakout level at $0.00001546 now serves as the defining threshold separating consolidation from expansion. Analysts and traders alike remain focused on whether SHIB can sustain the momentum necessary to reenter a broader uptrend in the coming months.