TLDR:
- SHIB forms a symmetrical triangle hinting at a 17% price breakout near $0.0000165
- Fibonacci levels show $0.00001538 and $0.00001633 as major bullish targets
- A bullish pennant suggests a 10% gain could follow recent price consolidation
- Support at $0.00001412 holds firm, reinforcing bullish setups despite recent pullbacks
Shiba Inu shows promising technical signals that could lead to a price rally in the coming days. Market analysts are tracking multiple bullish patterns forming on SHIB charts across different timeframes.Â
The meme coin appears ready for a potential breakout after weeks of consolidation. Technical indicators suggest the token could target substantial gains if key resistance levels break. Current market conditions align with historical patterns that often precede major price movements.
Shiba Inu Triangle Pattern Points to 17% Rally Target
Technical analyst Ali Charts identified a symmetrical triangle formation on Shiba Inu’s four-hour chart. The pattern typically signals an upcoming breakout with potential for price movement.Â
According to Ali’s analysis, SHIB could reach approximately $0.0000165 if the triangle breaks upward. This target represents a 17% increase from current trading levels around $0.0000132.
#ShibaInu $SHIB consolidates within a triangle, awaiting a 17% price move! pic.twitter.com/jdjMzVxtme
— Ali (@ali_charts) May 28, 2025
The triangle pattern shows SHIB consolidating between converging trend lines. Symmetrical triangles are neutral formations that often resolve with strong directional moves.Â
Traders commonly place entry orders at breakout points to capitalize on the momentum. The pattern’s height provides the basis for the 17% price projection.
Current SHIB price action centers around key Fibonacci retracement levels that define important market structure. The token trades near the 0.5 Fibonacci level at $0.00001474, which acts as short-term resistance.Â
Meanwhile, the 0.382 level at $0.00001412 has provided consistent support during recent pullbacks.
Higher Fibonacci levels present additional targets for bullish scenarios. The 0.618 level sits at $0.00001538, while the 0.786 level reaches $0.00001633. These zones could serve as profit-taking areas if SHIB breaks above the current resistance.Â
However, a breakdown below $0.00001430 support might open paths to lower targets at $0.00001340 and $0.00001231.
SHIB Bullish Pennant Formation Adds to Positive Outlook
Analyst Jessica Ghaney spotted a bullish pennant pattern forming on SHIB’s four-hour timeframe.Â
Pennant formations typically indicate trend continuation after brief consolidation periods. The pattern suggests SHIB may be preparing for another upward move following its recent sideways trading.
Ghaney expects a breakout to materialize soon based on current market conditions. Bullish pennants often resolve with price moves equal to the preceding flagpole’s height.Â
The analyst anticipates approximately 10% gains once the breakout confirms. This technical setup aligns with other bullish signals emerging across SHIB charts.
Data from CoinGecko shows SHIB trading at $0.00001409 with a daily volume of $172,435,549 at press time.Â
The token declined 3.20% in the past 24 hours and dropped 4.77% over the last seven days. Despite short-term weakness, technical patterns suggest underlying strength may soon emerge.
The post Shiba Inu Price: SHIB Shows Bullish Signals, Targets 17% Rally appeared first on Blockonomi.
Â
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.