{"id":354481,"date":"2024-09-24T00:21:59","date_gmt":"2024-09-23T18:51:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/analyst-predicts-shiba-inu-breakout-to-0-000045-from-symmetrical-triangle-pattern-crypto-news\/"},"modified":"2024-09-24T00:24:58","modified_gmt":"2024-09-23T18:54:58","slug":"analyst-predicts-shiba-inu-breakout-to-0-000045-from-symmetrical-triangle-pattern-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/analyst-predicts-shiba-inu-breakout-to-0-000045-from-symmetrical-triangle-pattern-crypto-news\/","title":{"rendered":"Analyst Predicts Shiba Inu Breakout to $0.000045 from Symmetrical Triangle Pattern &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">SHIB, the popular dog-themed meme coin, has recently adopted a sideways trend above the $0.0000123 support. A crypto analyst highlighted this consolidation as the final squeeze before the Shiba Inu price, which provided a deceive breakout from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/symmetrical-triangle-pattern\/\">symmetrical triangle pattern<\/a> in the weekly chart. Is the bull run imminent?<\/span><\/p>\n<h2>Analyst Forecasts Shiba Inu Price Breakout to $0.000045 Amid Bullish Pattern<\/h2>\n<p><span style=\"font-weight: 400;\">According to a recent analysis by ChartingGuy, the Shiba Inu coin gave a bullish breakout from the symmetrical triangle pattern in the weekly chart. Typically, the chart pattern shows a consolidation phase resonating within two converging trendlines to recuperate its prevailing momentum.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The analyst signaled, \u201cTHE MEMES ARE READY,\u201d suggesting high anticipation for a breakout that could ignite a significant surge in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/shiba-inu-shib-price-prediction\/\">Shiba Inu price prediction<\/a>. While the tweet didn\u2019t mention a specific target for the potential rally, a typical breakout from a triangle pattern often leads to an upswing toward its highest peak, which in this case is around $0.000045.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, the chart highlights immediate overhead resistance at $0.000016 and $0.0000226, as indicated by the Fibonacci retracement levels.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SHIB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SHIB<\/a> \ud83d\udcc8<\/p>\n<p>THE MEMES ARE READY \ud83d\udc36 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/I6duve8dl7\">https:\/\/t.co\/I6duve8dl7<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vrL9zHqBTZ\">pic.twitter.com\/vrL9zHqBTZ<\/a><\/p>\n<p>\u2014 Charting Guy (@ChartingGuy) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ChartingGuy\/status\/1838016191199383675?ref_src=twsrc%5Etfw\">September 23, 2024<\/a><\/p>\n<\/blockquote>\n<p>Check out the article on\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/meme-coin\/\">top meme coins to buy<\/a>\u00a0for a detailed analysis.<\/p>\n<h2><strong>Shiba Inu Supply Shift to Private Wallets Minimizes Sell-Off Risks<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/santiment.net\/\">Santiment<\/a> data reveals a steady decrease in SHIB supply on exchanges, signaling that tokens are being moved into private wallets. This shift reduces the available supply for trading, minimizing sell-off risks and reflecting growing investor confidence in the asset.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the supply held by top SHIB addresses has remained steady at 61.2% since April 2024. This suggests that large holders maintain their positions, avoiding selling in anticipation of potential future gains.<\/span><\/p>\n<figure id=\"attachment_217721\" aria-describedby=\"caption-attachment-217721\" style=\"width: 1841px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-217721 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45.png\" alt=\"Shiba Inu Price\" width=\"1841\" height=\"689\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45.png 1841w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45-300x112.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45-1224x458.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45-768x287.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45-1536x575.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/09\/image_2024-09-23_23-43-45-150x56.png 150w\" sizes=\"auto, (max-width: 1841px) 100vw, 1841px\"\/><\/noscript><figcaption id=\"caption-attachment-217721\" class=\"wp-caption-text\">Santiment<\/figcaption><\/figure>\n<h2><strong>SHIB Price Primed for Breakout as Double Bottom Pattern Forms<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Shiba Inu price prediction in the daily chart shows the prior correction trend has shifted sideways above the $0.0000123 horizontal level. The coin price rebound twice from this support indicates the formation of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/shiba-inu-price-eyes-38-rally-amid-bullish-reversal-pattern\/\">double bottom pattern<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This chart setup resembles a \u2018W\u2019 shape, which usually signals bottom formation, offering buyers a fresh breakout opportunity. If the chart pattern holds, the Shiba price could rise 11.27% to challenge the neckline resistance at $0.000016,<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">If the buyers flip the overhead resistance into potential support, the post-breakout rally drives a rally to a $0.00002 high.<\/span><\/p>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Symmetrical triangle pattern\" width=\"1946\" height=\"893\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/B2ZGzvVN.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/b\/B2ZGzvVN.png\" alt=\"Symmetrical triangle pattern\" width=\"1946\" height=\"893\"\/><\/noscript><figcaption class=\"wp-caption-text\">SHIB\/USD -1d Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">On the contrary note, if the resistance at $0.000016 stands firm, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">SHIB price<\/a> reverts lower and continues its current sideways action.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe symmetrical triangle pattern indicates a consolidation phase, which typically results in a breakout. For SHIB, this breakout could lead to a surge toward $0.000045<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe steady decrease in SHIB supply on exchanges reduces sell-off risks, signaling increased investor confidence as tokens move into private wallets.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe Shiba Inu price faces immediate resistance at $0.000016 and $0.0000226, as indicated by Fibonacci retracement levels<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/analyst-shiba-inu-0-000045-symmetrical-triangle-pattern\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/analyst-shiba-inu-0-000045-symmetrical-triangle-pattern\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Sahil Mahadik  <\/p>\n<\/p><\/div>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHIB, the popular dog-themed meme coin, has recently adopted a sideways trend above the $0.0000123 support. A crypto analyst highlighted this consolidation as the final squeeze before the Shiba Inu price, which provided a deceive breakout from the symmetrical triangle pattern in the weekly chart. Is the bull run imminent? Analyst Forecasts Shiba Inu Price [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":330959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-354481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=354481"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354481\/revisions"}],"predecessor-version":[{"id":354485,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354481\/revisions\/354485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/330959"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=354481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=354481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=354481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}