SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May
- Shiba Inu ends April with 7% gain, breaking past $0.000012 and testing $0.00001343
- Technical patterns suggest SHIB may target $0.000017 with 26% potential upside ahead
- Analysts eye bullish breakout, forecasting SHIB surge toward $0.00008000 if confirmed
Shiba Inu (SHIB) closed April 2025 with notable progress, creating a wave of new millionaires. Although the broader crypto market stole the spotlight with a 10.31% surge, Shiba Inu managed to hold its ground.
The token posted a respectable 7% monthly gain, climbing past the $0.000012 barrier and briefly testing $0.00001343. This performance came as Bitcoin surged toward the $95,000 mark, helping boost investor confidence across altcoins.
Falling Wedge Breakout Fuels Optimism
SHIB’s recent price action has caught the eye of several technical analysts. One trader, SHIB KNIGHT, highlighted a falling wedge pattern on the SHIB/USDT chart. This setup usually indicates a reversal after a prolonged downtrend. The wedge pattern shows SHIB’s price tightening within downward-sloping trend lines, suggesting a breakout is near.
$SHIB
Formation breakout target is around 0.000017
Other targets & supports are be…
The post SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May appeared first on Coin Edition.
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SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May
- Shiba Inu ends April with 7% gain, breaking past $0.000012 and testing $0.00001343
- Technical patterns suggest SHIB may target $0.000017 with 26% potential upside ahead
- Analysts eye bullish breakout, forecasting SHIB surge toward $0.00008000 if confirmed
Shiba Inu (SHIB) closed April 2025 with notable progress, creating a wave of new millionaires. Although the broader crypto market stole the spotlight with a 10.31% surge, Shiba Inu managed to hold its ground.
The token posted a respectable 7% monthly gain, climbing past the $0.000012 barrier and briefly testing $0.00001343. This performance came as Bitcoin surged toward the $95,000 mark, helping boost investor confidence across altcoins.
Falling Wedge Breakout Fuels Optimism
SHIB’s recent price action has caught the eye of several technical analysts. One trader, SHIB KNIGHT, highlighted a falling wedge pattern on the SHIB/USDT chart. This setup usually indicates a reversal after a prolonged downtrend. The wedge pattern shows SHIB’s price tightening within downward-sloping trend lines, suggesting a breakout is near.
$SHIB
Formation breakout target is around 0.000017
Other targets & supports are be…
The post SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May appeared first on Coin Edition.
Read More