Shiba Inu Price Decision Ahead — Watch This Critical Zone

The Shiba Inu 6-day chart indicates a significant price development that could position the meme coin for a move to multi-year price levels.

Analyst CryptoNuclear shared this in his TradingView analysis on October 1, as Shiba Inu continues to consolidate around its current levels. The market commentator highlighted a long-term accumulation on the chart, which has been developing since 2022.

Since peaking at $0.00008854 in October 2021, Shiba Inu has been on a downtrend, making lower highs and lower lows. However, it has kept a crucial demand zone between $0.00000850 and $0.00001183, an area the analyst calls a “make-or-break” level.

Specifically, a breakdown will see Shiba Inu fall below the long-standing support area to lower prices, while a breakout will send the token to multi-year price levels. Until any of these events occur, the analyst advised traders and long-term investors to proceed cautiously.

Precise Shiba Inu Targets

Meanwhile, CryptoNuclear shared that prolonged consolidation around an accumulation zone typically precedes an explosive move. If SHIB does break upwards, it would rally to resistance levels above the current price of $0.00001189.

He identified the $0.00001580 supply zone as a breakout confirmation. If Shiba Inu breaks above with substantial volume and successfully retests this zone, it would target even higher prices.

Shiba Inu Price Targets

Specifically, this sets Shiba Inu up for surges to $0.00001940, $0.00002400, and $0.00003338. SHIB could also reach the major supply clusters at $0.00007870 and $0.00008836. Notably, the latter is slightly below its current all-time high.

Nonetheless, if Shiba Inu loses the $0.000008850 and $0.00001183 support, it would break down to $0.00000543. Based on the current market price, this would represent a 54.3% decline.

As a result, the analyst advised keeping a close eye on the “make or break” support area. How Shiba Inu reacts will determine its macro direction into the 2025-2026 market phase.