Analyst Joey Keasberry called Shiba Inu chart one of the most unreal ones he’s seen, adding that while a breakout hasn’t happened yet, it could be just around the corner.
Shiba Inu (SHIB) continues to trade within a wide consolidation range, suggesting long-term market engagement despite short-term price volatility. As of May 21, 2025, SHIB is priced at $0.0000145, marking a 0.7% increase over the past 24 hours.
However, this minor gain follows a 9.1% decline over the previous week, pointing to lingering market caution. Still, recent analysis indicates that SHIB’s broader market behavior may reflect a deeper accumulation phase rather than a typical downtrend.
Shiba Inu Price Structure Remains Bound Within Long-Term Range
According to market analyst Joey Keasberry, SHIB has maintained a broad horizontal range between $0.0000050 and $0.00004 since its initial breakout in 2021. The asset has failed to breach either boundary, despite several attempts.
In early 2024, price movements reached the upper resistance but could not establish sustained momentum beyond $0.000045. Keasberry, analyzing SHIB’s long-term chart, noted that there are currently no signs of a breakout.
However, he emphasized that when a breakout does occur, it could present a significant opportunity. He added that such behavior is typical in consolidation phases, where a volatility squeeze eventually leads to a breakout point, at which market participants tend to establish positions.
$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
Technical Resistance Levels Define Next Critical Moves
Further multi-timeframe analysis by analyst Şeyma highlights essential resistance levels that now shape SHIB’s short-term outlook. On the weekly timeframe, the token is consolidating after a downtrend extending from December 2024 into early 2025. SHIB’s immediate resistance sits just above $0.000015, and a close above this level on the weekly chart would indicate a shift toward a more bullish structure.
However, Şeyma emphasizes that a full confirmation would require a breakout past $0.000017. If both resistance lines are surpassed with a strong bullish candle, a path toward the $0.000030 mark could become viable. Failing to achieve this would likely trigger a return to lower demand areas, as no breakout would mean continued consolidation or retracement.
On-Chain Data Signals Shift in Holder Composition
Alongside the technical observations, on-chain ownership data reveals a notable shift in SHIB’s holder base. Whale wallets have increased holdings by 1.58% in the last 30 days, suggesting accumulation by larger investors.
In contrast, retail holders have reduced exposure by 0.50%, while mid-level investors saw a sharper drop of 4.88%. This divergence may highlight reduced retail confidence amid ongoing sideways price action, even as larger entities position themselves more aggressively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
