$SHIB
🚨 What’s Happening With Shiba Inu’s Price? 🚨
The daily structure shows a clear ascending triangle breakout from early May, with SHIB jumping above the $0.00001550 ceiling after multiple failed attempts throughout April. This breakout triggered a strong impulse that briefly tapped $0.00001730 before facing resistance. The current Shiba Inu price action is forming a bull pennant on the 30-minute chart, with tightening candles and volume compression signaling a potential breakout attempt in the next 24 hours.
From a broader view, SHIB is now trading above the 0.236 Fibonacci level ($0.00001533) and is targeting the next major retracement at 0.382 ($0.00001911), which aligns with February’s local top. The price also remains above the long-standing trendline support from the March low.
