Shib is back this Year
SHIB may be positioning for a potential recovery this year after an extended period of underperformance. The previous three years have been characterized by range-bound action and downside moves, which could now be transitioning into a basing phase.
Historical Context:
2023–2025: Extended consolidation and bearish price action
Current Position: Potentially completing a multi-year accumulation base
Market Phase: Transition from bear market to potential recovery
Technical Outlook:
Extended periods of low volatility and sideways movement often precede significant directional moves. With price now potentially basing after years of decline, conditions may be aligning for a sustained recovery.
Upside Potential:
Should a confirmed trend reversal materialize—marked by a breakout above key resistance with volume—a measured move projection suggests potential appreciation in the range of 3x from current levels. This initial target would represent a test of prior resistance zones.
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