The Shiba Inu (SHIB) price has been exhibiting a repetitive pattern for weeks, trapped in a tight range near $0.00001238, hovering just above the support level of $0.00001159 from last September to midsummer. Analysts believe this consolidation signals an upcoming breakout or a deeper correction. The chart depicts a pattern of rounded consolidations where price settles into tight clusters before making a move. These base periods have historically been followed by surges towards higher zones such as $0.00001698 and then to the $0.00002052 resistance, only to lose momentum in each instance. This suggests that SHIB is caught between a well-worn floor and a mid-range ceiling, leading analysts to anticipate an increase in volatility as this range breaks. The token’s past behavior paints a clear picture: if the current tight range is broken, it could usher in significant price shifts. Alternatively, a new low could signal a deeper correction for SHIB. This uncertainty has created an exciting scenario and has drawn much attention from crypto traders.