SHIB Breakthrough Alert! The Shiba Inu is about to soar 45% straight to $0.000020?!

Shiba Inu (SHIB), this top meme coin, is releasing strong bullish signals! 📈 On the daily chart, SHIB has successfully broken through the descending trend line and confirmed the bullish inverted head and shoulders pattern, leading to a significant shift in market sentiment!

Technical Analysis: Is SHIB targeting $0.000020?

After the breakout, SHIB's structure has completely flipped bullish. If it can maintain a close above $0.0000138, the probability of rising 45% to reach $0.000020 is extremely high!

However, it is worth noting that SHIB is still below the 200-day EMA, indicating that the overall trend is still under some pressure. Nevertheless, the RSI has risen to 55, showing that buying power is increasing, and there is still plenty of room for the market to rise!

Current Market Dynamics & Key Data

As of the press time, SHIB is quoted at $0.0000139, with an increase of over 2% in the past 24 hours. Trading volume has simultaneously increased by 6%, indicating that market trading activity is steadily improving!

On-chain data shows:

The current market leverage is relatively high. Within the range of $0.0000132 - $0.00001413, there are $1 million in long positions and $2.705 million in short positions, with bulls dominating the market!

Funds are flowing in, and short-term capital is leaning towards the bulls. If the market continues to push higher, it may trigger a short squeeze, further driving up SHIB's price!

Is this surge for SHIB a sky-high jump or a trap for the bulls? Both the funding situation and market sentiment are releasing positive signals. At a critical moment, once it breaks through $0.0000138, the market could ignite at any moment!