SHIBA INU (SHIBA) BECOMING BULLISH

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Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme.

An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout.

SHIB/USDT Chart by TradingViewFor Shiba Inu, which has been lingering in a period of relatively nonexistent activity, this pattern could serve as massive fuel for volatility in the near future. Recent market conditions have seen a decline in interest toward legacy meme coins, with SHIB being no exception. The lack of significant developments within the Shiba Inu network has contributed to the muted activity around this cryptocurrency.