While Shiba Inu (SHIB) appears quiet on the surface, technical charts tell a very different story. Analysts are closely monitoring a symmetrical triangle pattern forming on SHIB’s four-hour chart, a setup that often precedes explosive price movements. Notably, Ali Charts, a respected technical analyst, predicts a potential 17% breakout if SHIB breaches the upper trendline of the triangle. His price target? Around $0.0000165, a significant rise from the current level of approximately $0.00001409.
#ShibaInu $SHIB consolidates within a triangle, awaiting a 17% price move! pic.twitter.com/jdjMzVxtme
— Ali (@ali_charts) May 28, 2025
The symmetrical triangle reflects mounting pressure, as SHIB’s price consolidates between converging support and resistance lines. Historically, such patterns resolve with powerful moves. Traders are already positioning themselves, placing orders near breakout points in anticipation of a rally. Confirmation remains crucial, however, with the 0.5 Fibonacci retracement level at $0.00001474 acting as the first line of resistance.
Pennant Pattern Hints at More Gains
Further fueling bullish sentiment, analyst Jessica Ghaney has identified a bullish pennant pattern forming on SHIB’s chart—a setup that typically appears during brief pauses in upward trends. Often considered a continuation signal, the pennant suggests SHIB may be gathering strength for another surge. Ghaney’s target indicates a 10% upside if the breakout materializes, reinforcing Ali Charts’ earlier projection.
Key resistance levels now lie at the 0.618 Fibonacci level ($0.00001538) and the 0.786 level ($0.00001633), both potential exit points for profit-taking bulls. However, traders are also eyeing key supports at $0.00001430, $0.00001340, and $0.00001231—levels that, if broken, could invalidate the bullish case.
Also Read: Shiba Inu (SHIB) Risks 9% Drop Amid Bearish Pattern
Volume Dips, but Momentum Brews
At the time of writing, CoinGecko reports SHIB trading at $0.00001409, with a 24-hour volume near $172 million. Despite recent declines—down 3.2% today and 4.77% over the past week—momentum appears to be quietly building.
Shiba Inu may be lying low in price performance, but its technicals suggest a different narrative. With both triangle and pennant formations pointing upward, SHIB could soon shake off its silence. For now, traders watch and wait—ready for the next big move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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