The Shiba Inu bulls come to life after the breakout: next price targets
The structure formed over three distinct valleys: a left shoulder that bottomed just above $0.00001082 in mid-March, a head that plummeted to near $0.00001030 in early April, and a right shoulder that found support near $0.00001230 in the early days of May. This sequence forged an arc that lasted more than two months, culminating in a decisive rally starting on May 8 that catapulted the price above the neckline with a long and robust green candle.
The momentum from that breakout led $SHIB to the region of $0.00001765, its highest level since early February, before profit-taking triggered a classic pullback. In recent sessions, the token has retraced to the neckline zone, where buying interest has absorbed the supply, validating the level as a new support zone between $0.00001400 and $0.00001470. The success of the new test is the final criterion that many technicians require before considering the pattern complete.
