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🚀 Shiba Inu ($SHIB ) Poised for a 20% Breakout: The Technical Setup You Need to Know! 🐶💥

The meme coin king, Shiba Inu (SHIB), is stealing the spotlight again with a promising technical setup! 📊 Closing the weekly candle at $0.00001334, SHIB has solidified its position above a critical support zone between $0.00001200 and $0.00001300—a demand zone that’s held strong with multiple retests over the past year. This time, the momentum is building for a potential 20% surge toward the upper Bollinger Band at $0.00001550, a level that could see SHIB revisit its April highs! 🎯

Here’s why the setup is exciting:

✅ Strong Bounce: Last week’s 13% gain came from a clean rebound off the lower support range, showing buyer conviction.

✅ Key Breakout: SHIB closed above the 20-week moving average for the first time in two months, signaling renewed bullish momentum.

✅ Bollinger Bands Opening: The bands are starting to widen on the weekly chart, hinting at increasing volatility after months of consolidation. Historically, SHIB loves to ride the upper band during breakouts!

✅ Trendline Cleared: The recent move shattered a short-term bearish trendline from May, with less overhead resistance in the mid-band area.

If buyers maintain this momentum and volume picks up, $SHIB could be on track for its cleanest technical run in months. A push to $0.00001550 would mark a 20% jump from current levels, putting it in striking distance of its April highs. However, the key is continuation—watch for strong volume and defense of the breakout structure to keep the bullish scenario alive. 📡

⚠️ As always, do your own research before trading or investing. Crypto markets are volatile, and past performance doesn’t guarantee future results.