Shiba Inu [SHIB] has been consolidating near the $0.000014416 support, testing it three times without breaking. The Bollinger Bands are widening, signaling a potential breakout after a 75-day range. A golden cross on the wave trend momentum oscillator indicates increasing buying pressure, with SHIB potentially gaining up to 110% if it reaches $0.00002949.
The order book shows stronger buy-side liquidity, suggesting accumulation during the consolidation period. This could act as a catalyst for a price surge, with high liquidation clusters near $0.0000146 and $0.000015 levels potentially triggering further upward movement.
Whales currently hold 59.97% of SHIB's supply, and their growing accumulation supports the idea of an imminent breakout. Large investors' stakes have also increased, while retail ownership has slightly declined.