- Shiba Inu is consolidating near $0.00001236 in a symmetrical triangle, with higher lows and lower highs tightening the trading range since August.
- A breakout above $0.00001297 could lead to targets at $0.00001388 and even $0.00001500, reversing bearish momentum from July levels.
- Failure to hold $0.00001200 support may push prices down to $0.00001150 or even $0.00000950, marking levels last seen in early summer.
Shiba Inu is moving closer to a decisive breakout as its price consolidates within a symmetrical triangle pattern. Since mid-August, the token has recorded higher lows and lower highs, narrowing the trading range around $0.00001236. The compression has created conditions where volatility may expand in the near term.
If buyers push the price above the upper trendline, immediate resistance lies at $0.00001297, which aligns with the 100-day exponential moving average. A breakout supported by strong trading volume could lift Shiba Inu toward the 200-day exponential moving average near $0.00001388. Beyond this level, the $0.00001450 to $0.00001500 zone could also come under pressure, an area that previously marked the beginning of the recent downtrend in July. Sustained momentum above these thresholds would shift the wider structure back in favor of bullish sentiment.
Downside Risks Remain
Failure to defend support near $0.00001200 may trigger a move lower. The first downside level stands at $0.00001150, while further weakness could open the way to $0.00000950. That price region has not been tested since early summer and represents a key zone for bearish targets.
Technical indicators highlight the uncertain outlook. The relative strength index remains neutral at 47, signaling neither overbought nor oversold conditions. Trading volumes have steadily declined throughout the consolidation, a setup often seen before large directional moves.
Market Outlook
The narrowing triangle suggests Shiba Inu is nearing a significant shift. Traders are closely watching $0.00001297 on the upside and $0.00001200 on the downside for confirmation. The next breakout could define the largest price movement for Shiba Inu in 2025, with the potential to reignite retail participation if upward momentum develops.
