Shiba Inu’s Cup-and-Handle Formation Signals Potential 70% Rally—Because Charts Never Lie, Right?

Dogecoin’s scrappy cousin paints a bullish pattern—just in time for another round of crypto hopium.

Technical traders are circling Shiba Inu like it’s a meme-stock buffet. The so-called ’cup and handle’ formation—a favorite of armchair chartists—historically precedes breakouts. This time? A 70% surge gets penciled in by the same people who swear by Fibonacci retracements during brunch.

Of course, past performance guarantees future results... said no SEC filing ever. But with SHIB’s volatility, you’ll either moon or get rekt before the pattern finishes printing.

Pro tip: Watch for volume spikes—the only thing more unreliable than TA is a ’stablecoin’ backed by vaporware.

Shiba Inu price cup and handle pattern

The current SHIB price action could be the calm before a breakout. The coin has formed a bullish pennant pattern, consisting of a vertical rally followed by a symmetrical triangle whose trendlines are nearing convergence. This pattern signals a potential bullish breakout.

The triangle section of the pennant also forms part of the handle in a larger cup-and-handle pattern, with a depth of 40%. Based on this structure, SHIB could rally toward $0.00002443, the highest point in January, representing a 70% gain from current levels. A drop below the support at $0.00001228 WOULD invalidate the bullish outlook.