Shiba Inu (SHIB) Reclaims 2021 Accumulation Zone: Can SHIB Spark Another Rally?

• SHIB is trading around $0.00000533, back inside its 2021 accumulation zone at $0.0000080–$0.0000090.
• Weekly closes above this level show buyers defending long-term support.
• A reclaim of $0.0000098 could spark a breakout toward $0.000013–$0.000016.

The overall cryptocurrency market is within a defined trading range, while investors closely monitor the movements of key cryptocurrencies as they hit significant historical levels of price support.

Shiba Inu, one of the top-performing meme coins, recently crossed back into a key price level that has been a major driver of its overall direction throughout its history. At press time, the coin is trading at $0.0₅8533 with an increase of 0.36% over the past 24 hours.

SHIB Revisits Its Historic 2021 Accumulation Zone

According to the recent update on X by the user named Cryptoshiibs, this tweet has sparked discussions in the Shiba Inu community about a potential return to the price range where it initiated its spectacular 1,237% rise in 2021, ‘the same price zone’.

The coin is currently situated in the same historical accumulation zone that served as a very strong base of support for its explosive rise in 2021. While past performance does not imply future results, the fact that it has returned to this zone multiple times is critical for traders analysing its long-term structural outlook.

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SHIB at a Major Multi-Year Support Zone

The chart from TradingView shows that Shiba Inu is having difficulty breaking the long-standing support level of approximately $0.0000080 to $0.0000090. This support area has consistently supported it throughout corrections from 2021-2025. Weekly closes above this area are bullish, but the presence of buyers suggests that they are continuing to hold the line and defend the support.

Potential Breakout Setup if Mid-Range Reclaims

On the other hand, if the coin regains the mid-range resistance of approximately $0.0000098, it will create a breakout situation for it, with historical breakout points establishing shifts in market direction.

If the mid-range is taken out, it will potentially create higher liquidity or target zones, such as $0.000013-$0.000016, which are potential levels for increased buying volume. As long as it remains above the lower support area, it maintains its larger trading range.

Source: TradingView

In conclusion, Shiba Inu is at an important price level that has a history of producing strong upward movements. If it can continue to hold its support level, the possibility of bullish reversals remains, but for it to truly occur, it must regain the mid-range resistance level on increased volume.

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