SHIB’s cup-and-handle pattern signals a possible breakout toward higher price targets.
Technical indicators like MACD and RSI point to strong bullish momentum building up.
Stabilized netflows and rising trading volume suggest accumulation by larger investors.
Shiba Inu (SHIB), a meme-inspired cryptocurrency, is once again capturing attention in the crypto market. The token, after months of relatively subdued activity, now shows strong bullish potential.
SHIB’s current price is $0.0000149, a 7.96% gain in the past 24 hours. It also rose 9.66% over the past week, fueling optimistic investor sentiment
Analyst Sees Classic Breakout Pattern for SHIB
According to analyst Rose Premium Signals, SHIB is forming a classic cup and handle pattern. This chart structure often signals impending price breakouts. Recent price movement suggests SHIB could be set for a significant rally, especially after a bounce from a key buy zone. Rose Premium Signals notes the coin recently bounced off crucial support at $0.00001148.
This bounce marks a potential launch point for further gains. If the cup and handle pattern plays out fully, SHIB could break resistan…
The post Shiba Inu (SHIB) Price Jumps 10%: Classic Bull Pattern in Play appeared first on Coin Edition.
