Shiba Inu (SHIB) Price Set to Explode: Bullish Triangle Pattern
Show original
According to a report by Bijie Network: Shiba Inu (SHIB) is currently consolidating within a symmetrical triangle pattern, suggesting a potential directional breakout after several months of sideways movement. This pattern has formed following a prolonged downtrend, indicating that selling pressure has weakened and, with higher lows being established, market momentum is subtly shifting. If the price decisively breaks above the upper boundary of the triangle near the 50-day moving average, it could trigger an 8-12% rally, with the target near the resistance of the 100-day moving average. Conversely, if the price falls below the triangle, it may retest recent lows. The chart shows that the price is in a contraction phase, and the anticipated breakout is expected to drive significant short-term price volatility.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
The Dow Jones Index closed up by 55.96 points, while the S&P 500 and Nasdaq closed lower.
Chaincatcher•2026/01/29 21:09
Data: 2,004,700 EUL transferred to FalconX, worth approximately $3,307,800
Chaincatcher•2026/01/29 21:05
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$84,278.38
-5.35%
Ethereum
ETH
$2,809.78
-6.65%
Tether USDt
USDT
$0.9982
-0.03%
BNB
BNB
$862.76
-4.19%
XRP
XRP
$1.8
-5.99%
USDC
USDC
$0.9998
+0.02%
Solana
SOL
$117
-6.66%
TRON
TRX
$0.2934
-0.07%
Dogecoin
DOGE
$0.1164
-6.90%
Cardano
ADA
$0.3342
-6.51%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now