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.

The post SHIB’s 7% April Gain Minted Millionaires, Breakout Eyed in May appeared first on Coin Edition.