In a market environment where most Memecoins are declining, Shiba Inu Coin (SHIB) seems to be quietly brewing new opportunities. Although SHIB's price fell by 11.88% over the past week, several technical signals are lighting up in the bottom area. For those who still insist on observing, this may be a potential breakout point after waiting patiently.
The key question is: Can Shiba Inu Coin break through the current bullish pattern? If so, where will the next stop be?
Bullish Triangle: Pressure and Opportunity Coexist
From a technical perspective, Shiba Inu Coin is in a typical bullish triangle formation. Simply put, this formation consists of a continuously descending resistance line and a stable support level. The price oscillates repeatedly within this range, gradually converging, and is likely to break upwards.
For SHIB, after breaking through resistance, it is expected to see an increase of up to 39%, targeting $0.00001765. However, it is important to note that a true confirmation signal requires waiting for a clear candlestick close above the resistance line to complete the technical breakout loop.
In other words, it is not yet the time for "mindless charging," but it is not far off either.
Technical Indicators: Buying signals are accumulating.
Furthermore, the Bollinger Bands and the Money Flow Index (MFI) are releasing positive signals.
Currently, the price of Shiba Inu Coin is near the lower Bollinger Band. This usually means that the asset is in an oversold zone, and even if it does not rebound immediately, it suggests that short-term selling momentum is weakening, and potential buyers are quietly accumulating strength.
Meanwhile, the Money Flow Index (MFI) is currently at 35.67 and shows a steady upward trend. Based on experience, if the MFI continues to rise and breaks through the 50 mark, it usually indicates a return of liquidity and increased buying. In simple terms, capital is gradually returning to the market, but the pace has not yet accelerated.
Moreover, SHIB's current price aligns well with the lower Bollinger Band, further validating the effectiveness of technical support.
Overall Memecoin Market: The gloom has not lifted, but hope is emerging.
From a broader perspective, the entire Memecoin sector has not performed well recently. According to Artemis's statistics, over the past week, meme coins have fallen by 15.2%, ranking at the bottom of all cryptocurrency sectors.
Although this data represents the weighted average of the entire industry and cannot directly represent the specific liquidity situation of Shiba Inu Coin, it undoubtedly reflects the current coolness of market sentiment.
However, it is worth noting that market bottoms often harbor reversal opportunities. If the Memecoin sector gradually emerges from its slump and capital flows back, SHIB, as one of the sector leaders, is naturally expected to become a favored target for capital.
Understanding opportunities cannot rely solely on feeling.
In times of market fluctuations, accurately grasping the evolution of technical patterns and insights into changes in market capital flows is key to successful investing.
At this time, AI research assistants like Mlion.ai are particularly important. Through monitoring on-chain capital flows, identifying candlestick patterns, and real-time sentiment analysis, Mlion.ai can help investors quickly capture potential breakout signals like SHIB, avoiding blind decisions or missed opportunities at critical points.
Especially for volatile sectors like Memecoin, Mlion.ai's real-time analysis and trend prediction model can provide more reliable market judgments based on data, helping investors maintain calm and clarity during turbulent market conditions.
Conclusion
Whether Shiba Inu Coin can successfully break through ultimately depends on whether bullish power continues to accumulate and whether a technical breakthrough can be achieved. Although the overall market sentiment is currently cautious, the improvement in local capital flows and technical support are all fueling SHIB's next surge.
For investors looking for the next opportunity in the Memecoin sector, patiently waiting for signal confirmation and planning positions rationally is far more important than blindly chasing up or down. And let’s not forget, letting data speak is one of the few strategies that can keep you undefeated in turbulent market conditions.
In this increasingly uncertain world of cryptocurrencies, using smart tools like Mlion.ai may help you better grasp Shiba Inu Coin's potential breakout journey.
The above content is for information sharing only and does not constitute any investment advice! Investing involves risks; please proceed with caution!
