Shiba Inu (SHIB) Price Prediction: Shiba Inu Whales Accelerate Accumulation as Recovery Gains Momentum Toward $0.0000235 Breakout
The post Shiba Inu (SHIB) Price Prediction: Shiba Inu Whales Accelerate Accumulation as Recovery Gains Momentum Toward $0.0000235 Breakout appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) is regaining attention across the crypto market as whale accumulation intensifies, fueling speculation that a major price breakout may be on the horizon. After a volatile start to October, the meme-inspired cryptocurrency is showing early signs of a bullish shift. Rising trading volumes, improving sentiment, and renewed investor confidence suggest that Shiba Inu’s recovery phase might be gaining momentum as the token eyes higher resistance levels ahead. Shiba Inu Price Rebounds Amid Renewed Buying Pressure Shiba Inu (SHIB) is showing strong signs of recovery after weeks of muted performance, climbing over 4.7% in the past 24 hours. The rebound follows a period of consolidation that saw the token test a crucial support area near $0.00000960, hinting that a potential bullish reversal may be underway. Shiba Inu was trading at around $0.00001005, up 1.10% in the last 24 hours at press time. Source: Brave New Coin At press time, Shiba Inu’s price stands around $0.00001005, supported by a 25% rise in daily trading volume, according to data from CoinMarketCap. This increase in activity suggests that market participants are beginning to reposition for a potential breakout toward the $0.0000235 price target. Technical Indicators Point to Strengthening Momentum On the technical side, SHIB’s chart patterns show encouraging signs. Analysts observe a falling wedge pattern, a formation usually found to be pointing towards trend reversals. Compression between down-trending trendlines indicates declining selling pressure and an upcoming breakout if the volume continues to rise. Shiba Inu (SHIB) tests falling wedge support, with rising buying pressure hinting at a potential rebound toward $0.00002350. Source: Jonathan Carter via X SHIB’s reaction from $0.00000960 reflects an accumulation phase and marks the first sign of a bullish move. Once the token surpasses the upper wedge line, the price targets set are $0.00001150, $0.00001410, and ultimately $0.00002350—those…
Filed under: News - @ October 21, 2025 2:20 am