🐕‍🔥 Shiba Inu Bulls Awaken! Breakout Sparks Hunt for Next Price Targets! 🚀

Shiba Inu ($SHIB ) is making a powerful statement! The canine-themed memecoin has completed a textbook inverted Head & Shoulders (iH&S) pattern, signaling a strong bullish reversal and sparking excitement among traders!

Here's the technical breakdown:

* The iH&S formed with a left shoulder around $0.00001082 (mid-March), a head at $0.00001030 (early April), and a right shoulder near $0.00001230 (early May).

* Following the breakout, SHIB initially surged to $0.00001765 before a "throwback" to the neckline.

* Crucially, this neckline zone ($0.00001400 - $0.00001470) has now been retested and confirmed as new support, with strong bid demand absorbing supply. This successful retest is key for technical traders!

As "Cantonese Cat" succinctly put it, "SHIB daily – inverted H&S brokeback pattern completed. Encourages bullishness."

🎯 SHIB Price Targets — Where to Next?

Fibonacci retracement levels provide a roadmap for potential upside:

* Initial Target: The 200-day EMA at $0.00001603.

* Next Key Level: $0.00001865 (23.6% Fibonacci retracement).

* Further Upside: If buyers maintain momentum, targets include $0.00002382 (38.2% Fib), the midpoint at $0.00002799, and potentially the golden-ratio level at $0.00003217.

* A macro peak challenge could even see $0.00003811 (78.6% retracement)!

⚠️ What could invalidate the bullish script?

Failure to defend the neckline shelf around $0.00001430 would shift short-term risk back to the 50-day EMA at $0.00001399 and the cycle floor at $0.00001030.

The next few sessions are crucial to see if bulls can capitalize on this technical victory!

Are you ready for SHIB's next leg up? Share your thoughts and targets! 👇

#ShibaInu #SHIB #BTCBreaksATH110K #DinnerWithTrump #GENIUSAct