A top analyst believes Shiba Inu may be approaching the end of its accumulation phase, suggesting that a breakout above $0.00001546 could trigger a massive rally.
Shiba Inu, which came close to climbing above $0.000013 over the weekend, has now dropped below $0.00001250 after a slight pullback in the crypto market.
The correction sparked mixed reactions within the Shiba Inu community, with some users expressing disappointment with the move.
Shiba Inu Gearing Up for a Bullish Breakout
However, analyst ‘Crypto Feras’ believes that Shiba Inu may be gearing up for a major rally that could produce multiple X’s. The accompanying chart illustrates that Shiba Inu has been trading sideways within a defined accumulation range between $0.000011 and $0.00001150 for several months, repeatedly rebounding from a stable support level.
The analyst emphasized that this prolonged consolidation phase forms a strong foundation for a bullish reversal. He projects that SHIB could easily climb to around $0.00001546 once momentum builds.
Notably, Feras suggested that a breakout above the $0.00001546 resistance could ignite a strong upward rally for Shiba Inu. According to the chart, SHIB’s price could surge to around $0.00002462, representing a nearly 100% increase from its current level.
However, Feras believes the rally could extend even further, noting that a decisive move above $0.00001546 could pave the way for “multiple Xs” in potential gains.
Next Key Resistance Level
Meanwhile, other market commentators believe that the $0.000015 level will be crucial in determining Shiba Inu’s next move.
In a recent post, crypto analyst CW identified $0.00001550 as the next major sell wall for SHIB, suggesting that the token could encounter substantial selling pressure at this point. This indicates that if SHIB rallies to this level, many traders may take profits, potentially limiting the token’s short-term upside.
However, if the asset sees significant buying momentum, Shiba Inu could break through the resistance and potentially aim for loftier heights.
At press time, SHIB was trading at $0.00001245, reflecting a modest 0.17% decline over the past 24 hours. Despite this slight pullback, the token remains up 6.23% over the past week and 2.7% over the past month.
The next sell wall for $SHIB exist at $0.0000155 pic.twitter.com/Syw6kvu0M7
— CW (@CW8900) October 5, 2025
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