Shiba Inu (SHIB) Price Prediction for May 30: Traders Eye Triangle Breakout as SHIB Holds $0.00001400
Shiba Inu (SHIB) has entered a critical compression zone, trading in a narrowing structure after weeks of sideways movement. The Shiba Inu price today is trading around $0.00001440, as bulls defend the psychological $0.00001400 level while eyeing a potential breakout above the descending triangle resistance.
The broader crypto sentiment remains cautiously optimistic, and SHIB appears to be forming a springboard setup after retracing to the 0.5 Fibonacci level from its April-May rally. This setup now places the spotlight on the triangle apex as a decisive point for the next move.
What’s Happening with Shiba Inu’s Price?
The Shiba Inu price has spent the last five days consolidating within a tight descending triangle, with declining volume and failed breakdowns indicating potential accumulation. The price has bounced off the $0.00001405 support region multiple times while facing overhead resistance near $0.00001475.
From a structural standpoint, the 1D chart reveals a higher low formation from the mid-April swing, converging with a lower high from early May. This…
The post Shiba Inu (SHIB) Price Prediction for May 30: Traders Eye Triangle Breakout as SHIB Holds $0.00001400 appeared first on Coin Edition.
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Shiba Inu (SHIB) Price Prediction for May 30: Traders Eye Triangle Breakout as SHIB Holds $0.00001400
Shiba Inu (SHIB) has entered a critical compression zone, trading in a narrowing structure after weeks of sideways movement. The Shiba Inu price today is trading around $0.00001440, as bulls defend the psychological $0.00001400 level while eyeing a potential breakout above the descending triangle resistance.
The broader crypto sentiment remains cautiously optimistic, and SHIB appears to be forming a springboard setup after retracing to the 0.5 Fibonacci level from its April-May rally. This setup now places the spotlight on the triangle apex as a decisive point for the next move.
What’s Happening with Shiba Inu’s Price?
The Shiba Inu price has spent the last five days consolidating within a tight descending triangle, with declining volume and failed breakdowns indicating potential accumulation. The price has bounced off the $0.00001405 support region multiple times while facing overhead resistance near $0.00001475.
From a structural standpoint, the 1D chart reveals a higher low formation from the mid-April swing, converging with a lower high from early May. This…
The post Shiba Inu (SHIB) Price Prediction for May 30: Traders Eye Triangle Breakout as SHIB Holds $0.00001400 appeared first on Coin Edition.
Read More
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