SHIB enters accumulation zone, analyst targets $0.000087 if support holds

Analyst sets SHIB target near $0.000087 as price revisits prior “pump” zone

SHIB is back in the same accumulation zone that preceded two major rallies, says analyst Crypto Patel. He targets $0.00008789 if $0.000004 support holds.

That level sits near the 2021 peak around $0.000088. The token has not reclaimed that area since 2021. Details.

• Patel labels the area “Support Zone (Accumulation Zone 1).” He cites a 1,660% move in 2021 and a 746% move in 2024 from this zone source.
• His chart sets a key floor at $0.000004. A break higher from the compressing range could target $0.00008789 chart.

The setup hinges on buyers defending the floor. Patel’s levels and prior move sizes are from his shared chart. See the post.