- Shiba Inu is holding firm near its $0.00001000 support with signs of pressure building for a major breakout soon.
- The 4 hour chart shows a double bottom structure which signals potential reversal and new bullish momentum forming.
- Community excitement rises as SHIB’s setup points toward a possible 30 percent rally if resistance levels are broken.
Shiba Inu (SHIB) is holding firm within a strong support range that could set the stage for a significant upside move. According to a chart shared on October 27, 2025, by Shib Spain, the popular meme coin is consolidating near the lower boundary of a crucial price zone, with bullish sentiment building around a potential breakout.
The 4-hour SHIB/USDT chart on Binance shows that the token is trading around $0.00001042, forming a strong base within a rectangular support area. This accumulation zone has contained price fluctuations for several sessions, suggesting that market participants are preparing for the next major move. The analyst captioned the chart with, “SHIB is holding strong into this range. Massive rally incoming,” signaling growing community anticipation for a bullish breakout.
The depicted technical structure features a clear range pattern between support and mid-level resistance, followed by a projected parabolic rise toward higher levels. This pattern suggests a potential accumulation phase, where buying pressure could gradually overtake selling interest once momentum shifts upward.
If the outlined scenario plays out, SHIB could target levels near $0.00001350, representing a near 30% potential upside from current prices. The strong rebound projection, illustrated with an upward trajectory arrow on the chart, reflects optimism among traders who believe that consolidation near support often precedes impulsive rallies in high-volatility assets.
Chart Structure Hints at a Reversal Formation
Technical analysis of the chart shows SHIB forming what appears to be a double-bottom setup, often considered a bullish reversal pattern in market structure. The highlighted support region forms the neckline of this pattern, with buyers defending the lower bound after each test.
The horizontal resistance drawn slightly above the mid-range indicates the breakout level that bulls must clear to confirm renewed momentum. If the price closes above this level on higher volume, analysts believe it could validate the reversal structure and open the path for a sustained advance.
The symmetrical nature of the pattern adds to its credibility. Each dip into the support range has been met with increased volume and quick recoveries, showing that buyers remain active even during short-term pullbacks. This resilience forms the technical basis for Shib Spain’s bullish outlook, which anticipates that the current consolidation phase could transition into a rapid expansion move.
Such a pattern has historically preceded strong rallies for SHIB during earlier market cycles, where similar setups triggered multi-week upward trends. The community has frequently associated these accumulation zones with the onset of broader sentiment shifts that favor the bulls.
The key question now is — can Shiba Inu break this range and ignite the massive rally traders are expecting?
Market Sentiment Builds Ahead of Possible Upside Break
Investor sentiment surrounding SHIB remains optimistic, with the post gaining more than 5,400 views and over 140 likes shortly after publication. The broader community reaction reflects heightened enthusiasm as traders monitor price behavior near the established range.
Community discussions suggest that holders are closely watching the $0.00001000 region as a key defensive zone. A sustained hold above this area could attract new buying interest and encourage speculative participation, especially if market conditions across the broader crypto sector remain stable.
The visual analysis also shows that the projected breakout, once confirmed, could trigger a series of higher highs and higher lows, marking a structural trend reversal. This formation could signal that Shiba Inu is preparing to reenter a phase of higher volatility characterized by expanding volume and trader engagement.
With trading activity consolidating near a well-defined floor, technical traders are focusing on how quickly momentum could return once the breakout is initiated. If SHIB maintains its structure and buyers continue to dominate within the current range, the price projection illustrated by Shib Spain’s chart may soon test upper resistance zones and extend beyond them.
