Shiba Inu shows potential for a bullish breakout with significant upward momentum expected.
Technical indicators, including positive MACD and RSI trends, suggest growing market confidence.
SHIB demonstrates strong market activity, maintaining consistent interest and trading engagement.
Shiba Inu (SHIB) is turning heads with its strong price action. The token has surged by 9.03% in the past 24 hours, reaching $0.00002579. Its market cap now stands at $15.20 billion. This impressive performance has many wondering if a bullish breakout is on the horizon.
The SHIB/USDT trading pair shows a descending triangle pattern, a technical formation often associated with price volatility. This pattern, characterized by narrowing support and resistance levels, suggests a potential breakout.
If SHIB breaks upward from this triangle, a price increase of up to 46.39% could occur, pushing the token to a target level near $0.00003500.
The pattern of consolidation followed by upward movements indicates strong buyer interest. This price behavior suggests that SHIB may be building a foundation for sustained growth.
Market Indicators Highlight Po…
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