$SHIB SHIB Forming Bullish W Pattern 🐕📊 | Buyers Gaining Momentum! 🚀🔥
Shiba Inu is showing early signs of a bullish reversal as a clean W pattern forms on the charts 🧠📈. This classic double bottom setup is attracting technical traders eyeing a potential breakout above key levels 📊💥.
📉 After testing strong demand zones twice, the price has bounced with confidence — now aiming for a neckline breakout 🎯🟢. Volume spikes are emerging, signaling rising interest from smart money 📦🐋.
🧪 The RSI is rising steadily, confirming momentum shift, while MACD histogram flips green — a bullish crossover could be next ⚡🔁. These are strong indicators that buy volume is increasing faster than sell pressure, suggesting a trend reversal is on deck 🔄💪.
🐳 On-chain, wallet activity is up, and exchange balances are shrinking, implying holders are moving tokens into storage for the long haul 🔒👛. This kind of behavior often comes before parabolic moves 🚀🧨.
💬 Social sentiment around SHIB is also heating up — with meme coin season buzzing again, SHIB could ride a new wave of retail FOMO 🐶📢. But be mindful — market uncertainty still lurks ⚖️⏳.
If this pattern plays out fully, SHIB could break through resistance and trigger a sharp upside move. Technicals + on-chain strength = bullish energy brewing 💣📈.
⚠️ Not financial advice — always DYOR 🧠📚