$SHIB price has retreated this week as the market awaits the Federal Reserve's interest rate decision.
The pullback may be nearing its end as the coin has formed a symmetrical triangle pattern on the daily chart. The pattern is defined by converging trendlines connecting recent highs and lows, suggesting a period of consolidation before a potential breakout.
The direction of the breakout is likely to be determined by market fundamentals. A bullish move could see SHIB rise approximately 35% to retest its May high of $0.00001760. Conversely, a break below the triangle's support could lead to a decline toward the key April support level of $0.00001013.
