Shiba Inu Breakout Puts $0.000018 in Sight as Traders Test Key Resistance
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See what traders are focused on
- SHIB broke out of a symmetrical triangle, hinting at volatility ahead.
- Resistance at $0.00001327 could open the path to $0.00001500 and $0.00001800.
- Support rests near $0.00001255; a breakdown risks declines to $0.00001180.
Shiba Inu (SHIB) moved out of a symmetrical triangle formation last week, drawing fresh attention from traders.
The meme coin is up more than 7% in the past seven days and trades at $0.00001315 with a market capitalization of $7.25 billion, equal to 0.19% of the total crypto market.
SHIB Price Analysis: What’s Next?
The SHIB daily chart shows that the meme coin recently broke out of a symmetrical triangle formation, signaling potential volatility ahead.
On the charts, resistance sits at $0.00001327, aligned with the upper Bollinger Band. Clearing that level could open a path toward $0.00001500 and $0.00001800 in the near term. On the…
Read The Full Article Shiba Inu Breakout Puts $0.000018 in Sight as Traders Test Key Resistance On Coin Edition.
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