Shiba Inu Tests Multi-Cycle Support as Accumulation Phase Takes Shape

⬤ Shiba Inu is hovering near a support level that’s caught buyers’ attention in the past, following a rough stretch over the last several months. Analyst Vivaforexwithcaro pointed out that SHIB’s current price action could mark the start of an accumulation window as it sits compressed at these lower levels.

⬤ Looking at the weekly chart, SHIB has been locked in a downtrend with lower highs and consistent rejections whenever it tries to push higher. Now it’s testing a horizontal demand zone that’s worked as a floor before. The pattern suggests sellers are losing steam as volatility tightens around support.

⬤ That said, SHIB is still trading below key resistance areas and trendline barriers, meaning the bearish setup hasn’t flipped yet. But landing at this multi-cycle support zone has historically been where downward momentum slows and the price starts to stabilize before making its next bigger move.

⬤ This puts SHIB at a meaningful technical crossroads. How it reacts at these long-term demand zones usually shapes what happens next—either continuing the slide or shifting into a prolonged accumulation phase that could set up future gains.