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Shiba Inu Rallies: SHIB Escapes Descending Channel, Consolidates Near Breakout Zone
August 7, 2025
The cryptocurrency market has been stuck in a neutral phase recently, but one coin is defying the odds and showing signs of a potential price surge. Shiba Inu (SHIB) has managed to break out of a descending channel and consolidate near a breakout zone.
At the time of writing, SHIB is trading at $0.00001235 with a market capitalization of approximately $7.28 billion. This is despite a weekly dip of 4%. While some may view this as a bearish sign, many are seeing this as a buying opportunity due to its recent price action.
The coin has recently broken out of a downward sloping channel that had been constraining the price for some time. This breakout indicates that SHIB could be entering an accumulation phase, where investors quietly buy up tokens before a larger move higher.
In terms of technical analysis, if buyers continue to push the price upward, SHIB may target key levels such as $0.00001400, $0.00001750, $0.00002050, and even $0.00002500.
One crypto commentator has pointed out that there is a bullish divergence earlier this year, which often signals a significant rally might be on the horizon. Based on this analysis, it’s possible that SHIB could climb more than 150% to reach around $0.000032.
Source: www.tronweekly.com
