🔹 Is a breakthrough imminent for Shiba Inu ($SHIB )? The upward momentum is building! 🔹
The currency $SHIB shows signs of a strong bullish reversal, as it has started to break out of the descending wedge pattern that has dominated it for a long time. It has bounced strongly from the lower support and is steadily heading towards the key resistance level in the middle of the structure.
📈 Key technical signals:
Formation of higher consecutive lows indicates increasing buying pressure.
Approaching the breakout zone near 0.00001200.
A confirmed breakout could pave the way towards the target of 0.00001380, in line with the upper descending trend line.
💡 Potential outcome?
If the breakout is supported by strong trading volumes, we may witness a new upward rally for the currency, with a return of confidence among investors.
🔍 Overall trend: Gradually turning bullish
🎯 Technical target: 0.00001380
Watch the market… as $SHIB may be on the verge of a price explosion! 🚀