Shiba Inu Coin Shib has moved in a loop during the last weeks, remaining in the same support area that is marked inflection points more than once during the last year. The Token is quoted about $ 0.00001238, almost stuck at the level of $ 0.00001159 that has been a support point several times, since last September to medium summer.
The picture shows a rounded consolidation pattern, where the price is based on adjusted groups before making a movement. In previous cycles, these bases were followed by upward sections, first towards $ 0.00001698 and then pushing to the resistance of $ 0.00002052.
However, each time, the movement lost steam before the Shib price could challenge higher areas such as $ 0.00002501 or the long -term limit about $ 0.00002970.
This repetition is what makes the current configuration interesting. The Token is once again in box between that widely used floor and a medium range roof, and the story shows that it is usually where volatility begins to increase.
Swing set
The range is not huge, but transitions have defined the biggest changes in Shib. If the same play book is repeated, the next step could be a game change for the rest of the year.
However, if $ 0.00001159 is broken, it will get to history and put Shib in an unknown territory that we have not seen since the beginning of 2023.
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At this time, Shib has more to do with the structure than the hype. The Token is repeating an ancient pattern, and the next movement outside this range will show if it is another rebound or a deeper restart.