Shiba Inu (SHIB) Price Eyes March Top As Chart Hints At Breakout

Shiba Inu’s price action has not gone unnoticed as it developed a falling wedge pattern on its chart. Analyst Mihir highlights March 2024 as a potential key level for the cryptocurrency. The combination of technical signals and breakout trends points to a possible rally as SHIB consolidates above critical resistance zones.

SHIB Chart Analysis: Falling Wedge Breakout Sparks Optimism

The SHIB chart displays a well-defined falling wedge pattern between March and mid-August 2024. Falling wedges are known for signaling potential bullish reversals, and SHIB followed suit, breaking out of this structure in late August.