🐕‍🔥 Shiba Inu Bulls Awaken — Breakout Ignites Target Hunt!

SHIB has completed a textbook inverted Head & Shoulders pattern, signaling a potential breakout phase:

• Left Shoulder: ~$0.00001082 (mid-March)

• Head: ~$0.00001030 (early April)

• Right Shoulder: ~$0.00001230 (early May)

• Breakout High: $0.00001765 (highest since Feb)

• Neckline Support Zone: $0.00001400–$0.00001470

Following a brief “throwback” after the breakout, SHIB has returned to test the neckline — and so far, buyers are holding the line, confirming it as a potential new support zone. A strong bounce here could validate the pattern and fuel further upside.

Price Targets Based on Fibonacci Retracement:

From the $0.00004569 high (last summer) to the $0.00001030 low (March):

• 200-day EMA: $0.00001603 (first reclaim target)

• 23.6% Fib: $0.00001865

• 38.2% Fib: $0.00002382

• Midpoint (50%): $0.00002799

• Golden Ratio (61.8%): $0.00003217

• 78.6% Fib: $0.00003811

These levels align with historical congestion zones — making them realistic upside goals if bulls maintain momentum.

Downside Risk if Bulls Fail:

• Neckline failure at ~$0.00001430 = invalidation

• Next support: 50-day EMA at $0.00001399

• Critical cycle floor: $0.00001030

Watch the next few sessions closely — SHIB’s next move could set the tone for the meme coin market.

#SHIB #AltcoinSeason #CryptoBreakout #SHIBA #MemecoinMomentum $SHIB