SHIB Price Holds $0.00001200 Support as Traders Eye $0.00001800 Target
- SHIB chart outlined a strong entry block near $0.00001200 that may power a breakout toward higher levels.
- The projected path suggests SHIB could retest its base before climbing toward the $0.00001800 resistance range.
- Traders see $0.00001200 as the decisive support that may define if SHIB can reach new all-time highs.
Shiba Inu (SHIB) is showing a clear technical setup that traders view as a perfect entry zone before a potential big pump. According to the chart analysis shared on September 23, the token could head toward new all-time highs (ATHs) if momentum holds. The outlined pattern highlights a consolidation zone that may fuel an aggressive breakout in the near term.
Technical Setup and Entry Zone
The daily SHIB/USDT chart from Binance illustrated a broad consolidation phase forming a support block around the $0.00001200 level. This zone has repeatedly absorbed selling pressure, giving traders confidence that it could provide stability for the next move higher.
Shib Spain, the account sharing the chart, described this level as the “perfect entry zone” ahead of the expected breakout. The technical projection suggested a potential double-bottom structure forming within the highlighted range. Such formations often signal the exhaustion of sellers and the preparation for renewed buying strength.
The outlined trajectory showed an initial retest of support followed by a sharp upward spike. The projected path pointed toward levels above $0.00001800, positioning SHIB for a push into untested price territory. This outlook aligns with claims that the token could approach new ATHs once momentum ignites.
Traders Anticipate Renewed Rally
The optimism around SHIB’s chart setup reflects historical price behavior. Similar structures in past cycles have preceded strong upward rallies, often catching wider market attention. Traders following this analysis see parallels that suggest SHIB could replicate such a move once conditions align.
Community responses on the post highlighted strong bullish sentiment. Some users called SHIB “the king,” while others noted that “bullish vibes” were building around the token. These reactions suggest that investor interest remains active despite market-wide challenges, with speculation rising on whether SHIB can sustain a major run.
The chart’s arrow projection gave traders a visual roadmap of how SHIB might climb out of its consolidation. It depicted a scenario where price tests support, recover, and then accelerate higher toward aggressive resistance levels. Such forecasts provide a framework for market participants planning entry and exit strategies.
Market Outlook and Key Question
SHIB currently trades near $0.00001210, reflecting the lower end of the highlighted support block. This level will be crucial in determining whether the projected rally materializes. If buyers defend the zone, the token may confirm the anticipated reversal and target higher ranges.
The breakout path suggested by the analysis envisions price extending toward the $0.00001800 level and potentially beyond. This would represent a significant percentage gain from current prices, attracting further trading activity and market visibility.
The central question for investors now is direct: can SHIB convert its support zone into a springboard for new all-time highs? The answer may define whether the token experiences another cycle of explosive growth or remains bound within its current range.
