Quick Highlights
- Shiba Inu (SHIB) is consolidating between $0.00001000 and $0.00001250, with a potential breakout targeting $0.00003296 and $0.00005589.
- Pepe (PEPE) is forming a symmetrical triangle, hinting at a breakout toward $0.00001800-$0.00002000.
- Both tokens show strong accumulation, with SHIB's burn activity and PEPE's liquidity boosting rally expectations.
Calm Before the Storm? SHIB Targets $0.00003296, PEPE Eyes $0.00002000
Shiba Inu (SHIB) and Pepe (PEPE) are capturing the spotlight again, with analysts pointing to tightening consolidation patterns that often precede explosive breakouts. Investors who have been waiting through weeks of sideways trading are now asking whether these popular meme coins are preparing for their next big move.
Market data and technical setups suggest that both tokens are at critical levels where accumulation zones and chart structures could trigger sharp rallies.
Shiba Inu’s Accumulation Heating Up
According to Bitcoinsensus, SHIB remains locked inside a defined accumulation range, with strong support between $0.00001000 and $0.00001250. Historically, Shiba Inu has demonstrated a tendency to rally sharply after prolonged consolidation phases.
Analysts highlight that the first major resistance sits near $0.00003296, marking Take Profit 1 (TP1). A successful breakout at this level could extend momentum toward $0.00005589, aligned with Take Profit 2 (TP2).
Recent trading has reflected renewed interest in the token. At the time of writing, Shiba Inu is trading at $0.00001316, up 1.7% in the past 24 hours and nearly 2%. With a market cap of $7.78 billion and a circulating supply of over 584 trillion SHIB, the token shows resilience in maintaining its long-term support zones.
Furthermore, burn activity remains active, with more than 79,000 tokens destroyed in the past 24 hours. This consistent reduction of supply, though small relative to the massive circulation, adds an incremental bullish factor for long-term holders.
Pepe’s Symmetrical Triangle Points to a Breakout
Meanwhile, Pepe (PEPE) is also giving indications of an impending rally. CryptoJack notes that PEPE/USDT is contracting within a symmetrical triangle on the daily chart, and the price is moving smaller and smaller between the $0.00001000 support and the $0.00001450 resistance. The pattern tends to precede breakouts, and any momentum could drive PEPE to a range of $0.00001800-$0.00002000 in case of resistance breakdown.
AltCryptoGems further points out that PEPE has supported a broad trading range since March, between $0.00000070 and $0.00000170. Now consolidating around the middle of the range at $0.00000110, the token is squashing down into a flag pattern. The way this flag resolves will potentially determine the future of the token in its next few weeks, whether it will test the price range highs or risk falling back to the lows.
According to data on Coingecko, PEPE is trading at $0.00001128, with a daily gain of 10.91% and weekly growth of 4.51%. Its $4.76 billion market cap and daily trading volume above $1.45 billion underscore substantial liquidity that is driving speculation.
