SHIB Price Eyes 17% Surge as Symmetrical Triangle Pattern Emerges
Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, is showing strong signs of an imminent price breakout, according to noted analyst Ali Martinez. Martinez has identified a symmetrical triangle formation on SHIB’s 4-hour chart, a technical pattern that often precedes significant price volatility. Currently trading at $0.00001401 USDT, SHIB is positioned between key support at $0.00001430 and resistance at $0.00001474. A decisive breakout could trigger a 17% price swing, offering potential opportunities for traders. This development comes as the crypto market continues to show renewed interest in meme coins and alternative digital assets.
Shiba Inu (SHIB) Price Poised for 17% Breakout as Analyst Identifies Key Pattern
Shiba Inu, the meme-inspired cryptocurrency, shows signs of an impending price surge as noted analyst Ali Martinez highlights a symmetrical triangle formation on its 4-hour chart. This technical pattern often precedes significant volatility, with Martinez projecting a potential 17% swing.
The coin currently trades at $0.00001446, sandwiched between support at $0.00001430 and resistance at $0.00001474. A decisive breakout could propel SHIB toward $0.000017, while failure to hold support may trigger a downward move.
Beyond chart patterns, on-chain metrics suggest growing momentum for the asset. Market participants await the resolution of this consolidation phase, which typically concludes with explosive price action in either direction.
Shiba Inu Forms Tight Triangle, Market Awaits Potential 17% Swing
Shiba Inu’s price action is compressing within a descending triangle formation, signaling a potential breakout. Analysts anticipate a 17% move, though the direction remains uncertain. The token currently trades at $0.0000143, with strong demand between $0.0000139 and $0.0000144 providing support.
Market technician Ali Martinez notes the memecoin’s tightening pattern on the 4-hour chart. While descending triangles typically favor bearish resolutions, unexpected upside breaks have occurred. The RSI at 46.92 leaves room for momentum to develop in either direction.
SwallowAcademy’s analysis highlights the importance of the current demand zone. Repeated rebounds from this area suggest accumulating buyer interest. A decisive close above $0.0000159 WOULD confirm bullish momentum, representing an 11% gain from current levels.
SHIB Demonstrates Resilience with Strong Recovery Amid Volatility
Shiba Inu (SHIB) showcased remarkable resilience in turbulent market conditions, rebounding sharply from a mid-day low of 0.00001405. The token’s price action revealed a well-defined structure, with short-term support emerging NEAR 0.00001447 and immediate resistance at 0.00001452.
Volatility dominated the 24-hour trading window as SHIB swung between 0.00001402 and 0.00001458—a 4% range. The most dramatic MOVE occurred during the 23:00-00:00 UTC period, where SHIB surged 1.44% on extraordinary volume of 756.55 billion tokens. This high-volume breakthrough at 0.00001456 could establish a new support level for future sessions.
Market participants closely monitored the 0.00001450 resistance level, which finally yielded during the 01:51 UTC surge when SHIB gained 0.88% on 15.91 billion volume. The token’s ability to maintain footing above newly established support suggests accumulating bullish momentum.
Shiba Inu Price Prediction: Whale Activity and Token Burns Signal Potential Rally
Shiba Inu (SHIB) is showing signs of a major upward move, with analysts targeting $0.000025 as whale inflows surge by 2,952%. On-chain data reveals 768 billion SHIB tokens moved off exchanges, signaling strong accumulation trends. Meanwhile, 266 billion tokens were repurchased by whales, reinforcing bullish sentiment.
The burn rate has skyrocketed, adding deflationary pressure. Retail traders are also participating, with 338.28 billion SHIB bought versus 326 billion sold recently. Reduced exchange supply typically dampens volatility, creating conditions for sustained price momentum.
