It looks like $SHIB is indeed showing a potential bullish pattern, with the formation of an inverse head and shoulders, which is often seen as a reversal signal. The current price of $0.00002964, up 10.22%, suggests increasing bullish momentum.

Key Points:

Inverse Head and Shoulders: This pattern typically signals a trend reversal from bearish to bullish, with the price likely to rise once the neckline is broken.

Time to Go Long: Based on this pattern, entering a long position could be promising, especially if the price breaks the neckline and sustains above it.

Strategy: Hold onto your Shiba Inu, and consider adding more as the pattern matures. It could lead to significant gains.

Targets:

Short-term target: Look for the price to test the previous highs after breaking the neckline.

Long-term outlook: If the bullish trend continues, the next resistance could be a few levels higher.

Conclusion:

If the inverse head and shoulders pattern holds, $SHIB might be gearing up for a strong upward move. Keep an eye on the breakout level, and trade cautiously.

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