Shiba Inu (SHIB) hanging from the edge
The Shiba Inu is probably one of the most volatile assets in the cryptocurrency market. SHIB's price action has been particularly interesting lately as it is moving at a level consistent with the latest chart patterns. The token is currently at a key point, resting at the support level of the symmetrical triangle that has formed in recent weeks.
The symmetrical triangle is usually considered a continuation pattern, meaning it can break out in any direction following the consolidation it represents. For SHIB, this pattern was characterized by lower highs and higher lows converging to a point that suggested a significant price move was imminent. Trading volume during this period did not show a clear trend, increasing uncertainty regarding a potential breakout.
