Shiba Inu’s price shows bullish signs despite a recent correction, trading within an ascending triangle.
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Shiba Inu’s price remains confined within a 1-week ascending triangle pattern despite a significant correction in its price. If $SHIB breaks above the resistance zone, the conservative price target for this cycle is $0.000056. However, a breakdown below the lower trendline could invalidate this bullish setup and signal a further downslide.
Despite the strong correction, $SHIB is still ranging within this 1W ascending triangle! The conservative target for this cycle could be $0,000056
pic.twitter.com/JH1EM12QVw
— The Moon Show (@TheMoonCarl) December 24, 2024
Further, SHIB faced mounting challenges as its price and volume dropped, raising eyebrows. However, the ascending triangle post-correction is generally viewed as a bullish continuation pattern, often signaling potential upward momentum upon a breakout above the resistance line. The lower yellow line indicates higher lows, signaling increased buying interes…
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