$SHIB a Inu Bulls Wake Up — Breakout Triggers Hunt for New Price Targets


Shiba Inu (SHIB) recently completed a bullish inverted head and shoulders pattern, a classic signal of a potential upward breakout. Here's how the structure looked:




  • Left Shoulder: Formed around $0.00001082 in mid-March



  • Head: Dropped to $0.00001030 in early April



  • Right Shoulder: Formed around $0.00001230 in early May


Once the price broke above the neckline (around $0.00001400–$0.00001470), it rallied to $0.00001765 — the highest level since early February. Some profit-taking followed, causing the price to dip back into the neckline area. However, buyers stepped in, turning this former resistance into strong support.


Why It Matters:


The vertical height of the head-to-neckline (~$0.0000037) matches the breakout move, confirming the pattern's target was reached.


Now, the neckline is being tested as support — a critical moment. If SHIB holds this level, it confirms the bullish pattern and opens the door for further gains.


Key Price Targets (based on Fibonacci levels):




  • $0.00001603 — 200-day EMA



  • $0.00001865 — 23.6% retracement



  • $0.00002382 — 38.2% retracement



  • $0.00002799 — 50% (midpoint, aligns with December's range)



  • $0.00003217 — 61.8% "Golden Ratio"



  • $0.00003811 — 78.6% retracement (near macro top)


Downside Risk:


If SHIB fails to hold the neckline at around $0.00001430, the bullish case weakens. The price could then fall to:




  • $0.00001399 — 50-day EMA



  • $0.00001030 — April’s cycle low



Bottom Line: SHIB is at a key technical crossroads. If bulls maintain control and push above resistance levels, the rally could extend. But if support fails, bears might take back the lead. Watch the neckline closely over the next few sessions.