Shiba Inu’s Accumulation Phase Could Lead to a Breakout

Shiba Inu (SHIB) is currently consolidating its position within a narrow trading range between $0.00001147 and $0.00001260, indicating an accumulation phase before potential price growth. This period of stability suggests strong demand for the token at these levels, supported by balanced selling pressure and flattening moving averages on the weekly chart. Analysts note that this trend is a typical precursor to a breakout as resistance levels are typically broken after consolidation periods.