Technical analysis by The_Alchemist_Trader_ about Symbol SHIB: Buy recommendation (6/12/2025)

SHIB is currently trading sideways on the daily timeframe, showing signs of accumulation as price consolidates between well-defined support and resistance levels. The lack of directional breakout has kept the market in range, but recent structure suggests that buyers may soon gain control — if key support levels hold.Price is revisiting the value area low and weekly support zone, where a potential double bottom formation is in progress. The first bounce from this region triggered a bullish reaction. If bulls step in again at the same level, the pattern will be technically confirmed — a strong reversal signal that often precedes upward continuation.This setup also aligns with the broader accumulation narrative: sideways movement with strong support reactions and no major breakdowns, which typically builds the base for a breakout. However, without a decisive move above resistance and confirmation via volume expansion, SHIB may continue to chop within the current range.For now, price remains in a constructive position, and dips into support are considered high-probability buy zones, as long as buyers continue defending key levels. A confirmed breakout above range resistance would shift momentum decisively in favor of the bulls.Key Levels to Watch:Support: 0.0000180 – 0.0000172 (Weekly + Value Area Low)Resistance: 0.0000225Confirmation: Breakout on increased volumeBias remains neutral to bullish until the range is resolved.