SHIBA INU $SHIB has just broken above a long-standing descending channel, and it's doing it with powerful volume behind the move. This isnโt just another meme move this breakout carries real technical weight and has caught the eye of traders across the market.
๐ Technical Breakdown
After weeks of compression inside a falling channel, SHIB has finally punched through resistance with momentum on its side. The breakout level is now being retested as new support, and this move could potentially shift the short-term trend into full bull mode ๐ข๐
This kind of breakout + retest combo is a classic technical pattern that traders often monitor for continuation setups. Volume confirmation + support retest = bullish bias (when confirmed).
๐ฏ Key Target Zones (Based on Chart Structure)
If momentum sustains, here are the levels traders are watching:
๐ฅ Target 1: $0.00001500
๐ฅ Target 2: $0.00001730
๐ฅ Target 3: $0.00002050
๐ Target 4: $0.00002420
These zones represent prior supply levels, and each breakout may lead to the next if sentiment holds.
๐ง Whatโs Supporting This Move?
Bullish Chart Pattern โ Clear breakout from descending resistance
Retest in Progress โ Price is testing former resistance as support
Strong Volume โ Indicates real interest, not just noise
Community Hype โ SHIB's loyal base adds fuel to every rally
โ ๏ธ Risk Reminder
This post is for educational purposes only. Shiba Inu remains a high-volatility asset, and price movements can shift quickly. Always manage risk with proper position sizing and stop-losses. Donโt enter a move without confirmation, and avoid emotional chasing.
๐ซ Final Take:
$SHIB is showing clear strength, backed by technical breakout patterns and rising attention. If the retest holds, this could mark the beginning of a new local uptrendโbut discipline is key.
Keep it on your radar. Stay patient. Let the chart do the talking. ๐๐ฅ
