• Shiba Inu consolidates above $0.0000139-$0.000014 zone.
  • Analyst targets $0.0000159 level.
  • Long-term holders increase 0.84%.

Shiba Inu has disappointed investors this week with a 7% decline, though the token shows signs of stabilization at current levels around $0.0000141. SHIB continues trading within a critical technical zone that analysts believe could determine its next major move.

Technical analyst SwallowAcademy has identified a trading setup based on SHIB’s behavior around an established demand zone between $0.0000139 and $0.0000144. The token currently consolidates at the upper edge of this range, suggesting potential buyer support at these levels.

SHIB has already experienced higher fluctuations due to this demand zone. By the next day, May 17, the token had recovered from $0.0000139 to $0.0000153. SHIB rose to $0.0000160 by May 23 after retesting support at $0.0000138 on May 19, but on May 25 it once more pulled back to the demand zone.

Technical indicators support SHIB bullish setup

SwallowAcademy’s analysis includes several technical indicators that support a potential bounce scenario. The 200-period EMA is trading close to $0.000014561, and the 50-period EMA is at about $0.000014266. SHIB is currently positioned for a possible breakthrough by trading near the 200 EMA but just below the 50 EMA.

The Relative Strength Index (RSI) is slightly below the neutral 50 level, at 46.92. Because of its setup, SHIB is neither overbought nor oversold, which is a common occurrence during accumulation phases preceding significant movements.

Based on the analyst’s paradigm for assessing SHIB’s technical situation, a breakout above both EMA levels may indicate bullish reversal potential.

The price target set by SwallowAcademy is $0.0000159, which was last attained on May 23. From the current price near $0.00001441, this target would deliver approximately 10.34% gains if achieved.

The analyst suggests the strength of the current support area could produce a bounce offering 10-20% upside from current levels. This relatively modest target reflects a conservative approach based on recent price action and established resistance zones.

Supporting the technical outlook, IntoTheBlock data shows changing patterns in SHIB holder behavior. There has been a little trend toward longer holding durations, as evidenced by the 0.84% increase in long-term investors (those holding for a year or longer).