Shiba Inu (SHIB) Price Consolidation: Accumulation Phase Could Ignite a Massive Breakout

Shiba Inu has been moving sideways for an extended period, creating a classic accumulation pattern that has many traders on edge. While the lack of dramatic price action might seem boring to some, experienced traders know that these quiet periods often come before the biggest moves. The question isn’t whether SHIB will break out, but when and in which direction.

SHIB Price Holds in Accumulation Zone

Shiba Inu is currently trading at $0.00001257, down 1.02% for the day. The token has been forming a descending wedge pattern that’s testing traders’ patience as it hovers just above key support levels.

Popular trader @SHIBMortal pointed out that these long accumulation periods usually come before big price moves. His take is simple: the longer SHIB stays stuck in this tight range, the bigger the eventual breakout could be when buying pressure finally returns.

The technical picture shows SHIB is getting close to a make-or-break moment. If buyers can push through resistance, we could see a move toward $0.00002000. But if the support around $0.00001000 gives way, SHIB might drop further before finding its footing.

What’s encouraging is that whale wallets are still holding onto their SHIB positions, suggesting that big players expect something significant to happen soon.

Shiba Inu Price Outlook

SHIB’s fundamentals are slowly getting better with Shibarium’s growth and new DeFi projects joining the ecosystem. The broader market mood also matters a lot – if Bitcoin and Ethereum can find their footing, SHIB usually follows with its own recovery.

Right now, everyone’s watching that wedge pattern. The longer SHIB stays squeezed in this accumulation zone, the more explosive its next move could be.