#Shibinu after a massive sell-off recorded a new low on June 16, 2025.

Based on data from Santiment, a total of 211 million SHIB tokens were sold off by short-term investors at a loss, marking a capitulation phase that usually signifies the beginning of a price trend reversal.

At the same time, a symmetrical triangle pattern began to form on the daily chart. If this pattern is confirmed with a breakout upwards, the price of SHIB is expected to surge from its current position at $0.0000117 towards $0.0000205, equivalent to a 62% rally from the breakout point.

Technically, the symmetrical triangle structure reflects a tightening price consolidation. This often becomes an accumulation area before a significant surge.

However, before the rally can truly occur, SHIB still needs to break through several key resistance levels.

The upper line of the triangle is around $0.0000126, which serves as the breakout threshold.

After that, the market will test the strength of the trend against the 50-day SMA at $0.0000137 and the 200-day SMA at $0.0000168. Only if all these levels are breached can a major rally happen.