Shiba

Based

bullish

Shiba Inu

would

<ul>
 <li>Shiba Inu remains confined in a long-term symmetrical triangle as volatility narrows and traders await a decisive move.</li>
 <li>On-chain data shows mixed sentiment, with minor profit-taking offset by a steady rise in overall wallet addresses.</li>
 <li>Growing holder participation highlights resilience, suggesting sustained confidence despite subdued short-term market momentum.</li>
</ul>
<p>Shiba Inu (CRYPTO: SHIB) is trading near $0.00001206, reflecting a 2.1 percent decline over the past 24 hours after another rejection near its descending trendline. The cryptocurrency continues to move within a long-term symmetrical triangle, suggesting reduced volatility while traders monitor for a clear breakout.</p>
<div id="media_image-5" class="widget widget_media_image cfu-banner cfu_banner-728 cfu-banner-lg"><a href="https://buy.magacoinfinance.com/coinfuturadisplay" rel="noopener noreferrer nofollow"><img width="1452" height="181" src="https://coinfutura.com/wp-content/uploads/2025/07/magacoins-new.webp" alt="magacoins-new" style="max-width: 100%; height: auto;"></a>
</div>
<p>The daily structure indicates consolidation between $0.00001190 and $0.00001350. This pattern has largely shaped Shiba Inu’s 2025 trajectory. The 20-day exponential moving average, positioned near $0.00001240, provides immediate support, while the 50-day EMA at $0.00001258 acts as near-term resistance. Furthermore, the 100- and 200-day EMAs, sitting around $0.00001279 and $0.00001353, respectively, emphasize a balanced market state where neither buyers nor sellers maintain control.</p>
<h2 class="wp-block-heading" id="potential-scenarios-based-on-key-levels">Potential Scenarios Based on Key Levels</h2>
<p>A daily close below $0.00001190 could trigger a decline toward $0.00001080 and possibly $0.00000950. Conversely, a move above $0.00001350 may confirm a bullish reversal, targeting $0.00001420 and the June swing high near $0.00001550. The compression across moving averages highlights a moment of equilibrium that often precedes significant directional movement.</p>
<figure class="wp-block-image size-full is-resized"><img src="https://coinfutura.com/wp-content/uploads/2025/10/unnamed-2025-10-14T184952.600.png" alt="" style="width: 100%;height:auto">
 <figcaption>
  Source: <a href="https://in.tradingview.com/symbols/SHIBUSD/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<p>According to Coinglass, Shiba Inu recorded a $1.3 million net outflow on October 9, indicating light distribution after previous inflows. The alternating inflow and outflow patterns reveal divided sentiment among participants. Although large holders have paused accumulation since mid-September, the absence of heavy withdrawals points to stability rather than panic selling.</p>
<h2 class="wp-block-heading" id="holder-growth-reinforces-long-term-conviction">Holder Growth Reinforces Long-Term Conviction</h2>
<p>Despite muted price action, data from Etherscan shows Shiba Inu’s holder base has reached 1,544,810 addresses, marking a new all-time high. The 0.022 percent weekly increase underscores rising participation, reflecting consistent retail engagement even as prices remain range-bound. This gradual accumulation trend supports a broader sense of community-driven resilience across the network.</p>
<p>Analysts suggest that maintaining support near $0.00001200 could keep SHIB’s structure intact. A confirmed breakout above $0.00001350 would signal renewed upward momentum toward $0.00001550. However, failure to sustain the lower boundary could result in a retest of prior support levels. Overall, Shiba Inu remains neutral to slightly bullish, with network strength offsetting the cautious tone in short-term flows.</p>

Shiba Inu Price Holds in Tight Range as Network Activity Rises

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