Shiba Inu Chart Called “Unreal” by Analyst as Breakout Potential Builds

• Shiba Inu trades in $0.0000050-$0.00004 range since 2021 breakout.
• Analyst Joey Keasberry sees potential breakout setup developing.
• Whale accumulation increases 1.58% while retail exposure drops.

Shiba Inu (SHIB) has caught the attention of market analyst Joey Keasberry, who described the token’s chart as “one of the most unreal” formations he has observed. Despite no immediate breakout occurring, Keasberry suggests the setup could produce major price movement in the near future.

Currently trading at $0.00001533 with a 6% gain over 24 hours, SHIB continues operating within a wide consolidation range that has persisted since its initial breakout in 2021. This extended sideways movement may indicate a deeper accumulation phase rather than a traditional downtrend pattern.

The meme coin’s price structure has remained bound within clearly defined boundaries, creating what analysts view as a potential powder keg for future volatility.

Shiba Inu long-term range defines market behavior

Since making its breakthrough in 2021, SHIB has consistently traded in a wide horizontal band between $0.0000050 and $0.00004, per Keasberry’s study. The asset has repeatedly tested both boundaries but failed to establish sustained momentum beyond either level.

$SHIB remains one of the most unreal charts I have ever seen. No signs of a breakout, but when this breaks out, you'll want a piece of it. pic.twitter.com/keyjpoxnp9

— Joey Keasberry (@birdseye88) May 18, 2025

In early 2024, price movements reached the upper resistance zone around $0.000045 but could not maintain bullish momentum for an extended period. This pattern of testing and rejection has created the consolidation structure that now defines SHIB’s market behavior.

Keasberry noted that while no breakout signs are currently visible, such behavior typically occurs during consolidation phases where volatility compression eventually leads to explosive movements. When these breakouts materialize, they often present major opportunities for positioned traders.

Multi-timeframe analysis by analyst Şeyma identifies key resistance levels that will determine SHIB’s next directional move. Following a downward trend that lasted from December 2024 into early 2025, the token looks to be consolidating on the weekly chart.

A weekly close above the immediate resistance, which is located just around $0.000015, would suggest a possible change in market structure toward one that is more positive. However, Şeyma notes that a breakout above the $0.000017 level would be necessary for complete confirmation.

SHIB may be able to move toward the $0.000030 target if it can successfully clear both resistance lines with significant bullish momentum. Failure to achieve this breakout would likely trigger a return to lower demand zones, extending the current consolidation phase or potentially leading to retracement.