Overview
- SHIB is consolidating around $0.000013 with chart setups flagged as bullish, including a falling wedge and a narrowing symmetrical triangle.
- More than 5 trillion SHIB have left centralized exchanges in recent weeks, taking reported reserves to about 283 trillion, while tracked smart‑money holdings rose to roughly 12.15 billion tokens, up 103% month over month.
- CoinGlass data reported by analysts shows Binance’s SHIBUSDT long/short ratio near 2.55, with about 71.8% of traders long and liquidation clusters around $0.00001266 and $0.00001318 tied to roughly $533k in longs and $261k in shorts.
- Analysts highlight nearby resistance levels at approximately $0.00001416 and $0.000015, with psychological hurdles near $0.000020 and a stretch target around $0.000025 if momentum holds; key support remains near $0.000011.
- Short‑term risks include softer trading volumes, concentrated leverage that could accelerate moves, and lingering fallout from the Sept. 19 Shibarium security breach.