Shiba Inu may be entering an early recovery phase after years of weak price action. The token has returned to a major weekly support zone and remains above it after several tests. At the same time, price movement has tightened, and volatility has eased. A recent TradingView analysis points to potential upside targets if SHIB breaks nearby resistance on strong volume.
Through most of the past three years, SHIB stayed stuck in a broad range. Each rebound ended with a lower high, which kept the broader downtrend intact.
MMBTrader said in a recent TradingView analysis that repeated recovery attempts failed near a descending trendline. The attached one-day chart shows this pattern in the March 2024 high of $0.00004567.
The same chart also marks the December 2024 high at $0.0000334. Both moves stalled before a lasting reversal, which kept selling pressure in control for longer.
Now, SHIB has moved back into a major weekly support zone. This area acted as a bottom in earlier cycles, and the token has continued to hold above it. Each dip into that zone triggered a rebound. The demand appears to be building again near the support, while selling pressure looks less aggressive than before. Volatility has also started to decline as the price tightens into a narrower structure.
This setup suggests SHIB could be forming a multi-year accumulation base near support. Such phases often absorb pressure over time. Weaker holders tend to exit first, while longer-term participants may accumulate quietly around the same range. Could this base become the turning point for Shiba Inu after years of decline?
The analysis says SHIB is moving from a bear market phase into a recovery phase. Still, the next major signal depends on whether the token can clear nearby resistance with strong volume.
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If SHIB breaks above resistance, the analysis says a reversal could start from that point. Long consolidation periods often lead to stronger directional moves once the price leaves the range. Based on the measured move shown on the chart, the first target points to a threefold rally. That projection places SHIB near $0.00001678.
MMBTrader also outlined a higher target at $0.00003364. That level represents a 448% gain from the current market price in the analysis. Beyond that, the chart lists further take-profit areas at $0.00005480 and $0.00007746. These levels align with zones where supply previously overpowered buyers.
Meanwhile, sentiment around SHIB remains pressured by selling activity. A recent report said 24 billion SHIB tokens were sold on Binance to a long-term holder. Such a transaction can remove a large amount of supply from circulation at once. Even so, signs that large holders may sell more can weaken retail confidence.
At the same time, transaction volume and active address activity remain weak. The text also says lower engagement pushed total value locked below US$1 million. The broader decline continues to weigh on sentiment. Over the past year, Shiba Inu has lost more than half its value, which has added to anxiety among investors across several time frames.
Shiba Inu is holding a major support zone after years of weak price action, while volatility is easing and price structure is tightening. Analysts now point to breakout targets if resistance breaks with volume. The key takeaway is simple: traders are watching whether SHIB can turn support strength into a sustained reversal.