Is the $SHIB Consolidation Over?
$SHIB has been trading sideways for quite some time. The red box on the chart has acted as a clear accumulation zone, and the price is attempting an upward breakout.
Support: 0.0061–0.0062
Intermediate resistance: 0.0068–0.0074
Target range: 0.0089 → 0.0109 → 0.0129
The condition for this scenario is clear: if it doesn’t drop back below 0.0061, the upward attempt continues. If it dips below that level, it will return to the range.
Do you think it will continue this time, or is it another fake-out?