SHIB’s on the Move: Bullish Signals Point to a 17% Breakout

SHIB forms triangle and pennant patterns, hinting at strong bullish momentum.

Analysts predict a 17% price breakout if key resistance levels break.

Fibonacci levels offer clear support and target zones for SHIB’s next move.

Shiba Inu — SHIB, might be sleeping on the surface, but the charts say something else. Behind the meme exterior lies a coiled spring, ready to snap. Traders watching closely have spotted signals that could send SHIB flying. Several bullish patterns now converge, and momentum seems to build with each passing hour. While the broader market remains cautious, Shiba Inu flashes strength beneath the noise.

Triangle Tension Builds for a Possible Breakout

Market analysts have noticed a symmetrical triangle forming on SHIB’s four-hour chart. These patterns often spark explosive moves once the price breaks through. Technical analyst Ali Charts highlighted this formation and expects SHIB to jump 17% if it breaks upward. His target? Around $0.0000165—up from current levels near $0.0000132. The triangle shows SHIB squeezing between narrowing trend lines. That pressure often leads to sudden releases, like a dam giving way to a flood.

Traders love these setups. They place orders near the edges and ride the wave once momentum kicks in. The projected rally comes from the triangle’s height, which measures the likely breakout distance. It’s a textbook setup. However, no pattern is perfect without confirmation. That’s where Fibonacci levels come in, offering more clarity on resistance and support. SHIB currently dances around the 0.5 Fibonacci retracement at $0.00001474. This level serves as immediate resistance.

Pennant Pattern Hints at More Gains

Higher Fibonacci levels offer more targets if the bulls charge ahead. The 0.618 level lies at $0.00001538, and the 0.786 level reaches $0.00001633. Both zones could attract short-term traders looking to lock in gains. However, if support at $0.00001430 fails, lower levels like $0.00001340 and $0.00001231 could come into play. A breakdown here might cool the rally and shake out weak hands.

Another voice in the mix, analyst Jessica Ghaney, spotted a bullish pennant on SHIB’s chart. These patterns often appear during pauses in strong trends. Think of them as a deep breath before the next sprint. Ghaney believes a breakout could arrive soon. Based on the flagpole height, she expects SHIB to gain another 10% once the move confirms. Her view matches the triangle pattern’s implications, creating a stronger case for upside.

Together, these patterns tell a compelling story. SHIB might be ready to roar again after weeks of silence. At the time of writing, CoinGecko lists SHIB at $0.00001409. Volume over 24 hours stands near $172 million. Though SHIB dropped 3.2% today and 4.77% this week, technicals paint a more optimistic picture. Momentum builds in silence. If the patterns hold, SHIB might not stay quiet much longer.