Shiba Inu’s 100% Explosion Imminent: This 2D Chart Descending Pattern Signals Massive Breakout
SHIB's technical setup flashes bullish signals that could send the meme coin soaring.
Chart Analysis Reveals Hidden Potential
The descending pattern forming on Shiba Inu's two-day chart suggests an accumulation phase rather than a bearish trend. Historical data shows similar formations preceding major rallies—this one points toward a potential 100% surge once resistance breaks.
Technical Indicators Align for Breakout
Volume patterns and momentum oscillators confirm the descending wedge's bullish divergence. While traditional analysts dismiss meme coins as speculative gambles, the technicals don't lie. When the pattern completes, expect a violent upward move that leaves doubters watching from the sidelines.
Market Psychology at Play
Retail traders pile into SHIB while institutional investors stick to their 'serious' assets—missing yet another crypto opportunity. The descending wedge represents compressed energy ready to unleash. Once price breaks above the pattern's upper boundary, the 100% target becomes increasingly probable.
Timing the Explosion
Watch for increasing volume on upward moves and decreasing volume on pullbacks. The pattern's duration suggests a breakout within the next few trading sessions. When it happens, the move will be fast and furious—typical of meme coins that Wall Street still can't properly value.
Shiba Inu’s Descending Triangle Formation
Technical analysis of the shiba inu price chart on the 2-day candlestick timeframe shows the meme coin locked inside a descending triangle pattern with lower highs pressed against a descending resistance line and repeated retests of a support zone around $0.00001080 support. This level has acted as the most important Shiba Inu price floor since the beginning of the year, although buyers have been stepping in more around $0.000012 since August to defend it.
The descending triangle formation is starting to tighten, creating a pressure that often precedes an explosive breakout. This has led to a tilt toward the bullish scenario of shiba inu breaking above the upper trendline of the triangle. However, this depends on whether it can bounce at the support convincingly. If the support continues to hold, this pattern could be the springboard for a push to a bullish run.
SHIB Price Could Explode 100%
As it stands, the Shiba Inu price is currently on a steady upward push, having rebounded at $0.000012 in the past 24 hours. It is now trading just below the 50-day moving average that it must overcome for bullish confirmation.
Jonathan Carter’s analysis outlined several upside targets that could be unlocked once SHIB confirms a breakout from the pattern. The chart above shows a path that WOULD take the meme coin directly into higher prices if it breaks above the upper trendline of the descending triangle.
The first resistance is at $0.00001420, followed by $0.00001600, then $0.00001850, and finally $0.00002050. A successful rally through these levels would mark an increase of almost 100% from current prices. This bullish momentum might even be enough to position Shiba Inu for a return to the resistance zone around $0.00002460, an area last contested at the beginning of 2025.
For this scenario to play out, SHIB must continue to defend its established support zone between $0.00001200 and $0.00001224. A breakdown below this base would invalidate the bullish outlook, leaving the meme coin vulnerable to another fall to the deeper support levels around $0.00001080.
At the time of writing, Shiba Inu is trading at $0.00001219. As long as buyers are able to maintain this support zone, the descending triangle pattern offers Shiba Inu a credible opportunity for a breakout rally.
