Coinbase: Shiba Inu Nears Critical Breakout as Descending Triangle Signals Volatility Surge

Shiba Inu ($SHIB) is currently at a crucial technical juncture, with a descending triangle pattern indicating an impending surge in volatility. According to market analyst Ali Martinez, the meme coin has been trading between a downward-sloping resistance line and a strong support level at $0.00001413 on Coinbase’s 4-hour chart. This converging pattern suggests building pressure, often a precursor to significant price movements. As of May 29, 2025, traders are closely monitoring this setup for a potential breakout, which could lead to explosive price action in either direction. The cryptocurrency community is abuzz with speculation, as such technical formations typically precede major market shifts. Investors and analysts alike are keeping a close eye on Coinbase’s charts for confirmation of the breakout, which could set the tone for SHIB’s near-term trajectory.

Shiba Inu Price Nears Critical Breakout Amid Descending Triangle Formation

Shiba Inu ($SHIB) is poised at a pivotal technical juncture, with a descending triangle pattern suggesting an imminent volatility surge. Market analyst Ali Martinez notes the meme coin has been compressed between a downward-sloping resistance line and a steadfast support at $0.00001413 on Coinbase’s 4-hour chart.

The converging trendlines indicate building pressure, typically preceding explosive price movements. A breakout could propel SHIB by 17%, while a breakdown may trigger cascading sell orders. Such technical formations often attract speculative capital, particularly in altcoins with strong retail interest.

Martinez’s chart analysis highlights the significance of the $0.00001413 level, where buyers have repeatedly defended against downward moves. The 17% projected gain WOULD place SHIB near $0.00001653, potentially reigniting momentum for the Ethereum-based token.

RENDER Defies Coinbase Delisting with Bullish Technical Outlook

RENDER (RNDR) faces a critical juncture after its delisting from Coinbase, yet technical analysts spot a path to recovery. The token’s ability to hold above $4.20 support could catalyze a 15% rebound, while a weekly chart pattern suggests an ambitious $80 target.

Coinbase’s delisting stems from RENDER’s migration to a new token standard, rendering the original version non-compliant with exchange requirements. Market sentiment remains fragile, but the broader technical structure appears intact.

A prominent analyst highlights RENDER’s formation of a bullish flag on weekly charts, noting short-term volatility may obscure the longer-term trajectory. "The pattern projects toward $80 if support holds," the expert stated, dismissing delisting fears as noise in the larger technical narrative.