$SHIB Consolidation and Potential Breakout

Price action has been consolidating in a tight range, but the structure suggests preparation for a move. The $0.00001050 support has remained strong, with buyers consistently stepping in on dips.

Currently, $SHIB is forming higher lows, while the 50-day MA approaches the 200-day MA signaling a potential golden cross. A confirmed breakout above $0.00001600 could flip resistance into support and transition this range into a markup phase.

Upside targets stand at $0.00002450 and $0.00003500 if momentum builds. Until then, $0.00001600 remains the key level to watch for confirmation.