Shiba Inu accumulation phase hints at a potential rally and breakout from consolidation.
Symmetrical triangle pattern indicates an imminent price movement with bullish potential.
Increased trading activity and positive indicators suggest growing momentum for SHIB.
Shiba Inu (SHIB) may be ready for a breakout, with analysts predicting an accumulation phase and technical indicators pointing to a bullish outlook. Developments such as the Shibarium Burn Portal activation have drawn attention to the network and analysts believe these and the technical consolidation to be the fuel for SHIB’s next rally.
Crypto analyst SHIB Knight noted that Shiba Inu has consolidated within a well-defined range. This accumulation phase indicates sustained investor interest and often precedes significant price movements.
$SHIB has been accumulating at higher levels which is perfect.
Next leg will push it to 0.000037 pic.twitter.com/7jzAYjXCTl
— $SHIB KNIGHT (@army_shiba) November 29, 2024
SHIB Knight predicts a 42.6% surge to $0.000037, based on SHIB’s price patterns and strong resistance during consolidation.
Symmetrical Triangle Hints at Imminent Move
Another mar…
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