Peter Smith
The meme coin market is buzzing with anticipation as Shiba Inu finds itself trapped in a classic technical setup that historically leads to explosive moves. With SHIB currently hovering around $0.00001280, the token appears to be gathering momentum for what could be its next major directional shift. Market participants are watching closely as this symmetrical triangle pattern reaches its apex, knowing that the breakout could determine SHIB's trajectory for weeks to come.
SHIB Coiling for Action at Critical Support
Right now, Shiba Inu is trading at $0.00001280, sitting pretty much right where the action is. The chart is painting a textbook symmetrical triangle - you know, one of those patterns that gets traders really excited because it usually means big moves are coming.
The bulls have their sights set on $0.00001720, which would mean a juicy 33.46% gain if SHIB can punch through the upper trendline. Famous analyst recently highlighted this setup on X, pointing out how the token is basically wound up like a spring ready to pop.
That's the kind of move that gets the meme coin community fired up and could bring back some serious FOMO energy.
The Make-or-Break Moment
Here's the thing though - triangles can break either way, and that's what makes this so interesting. If the buyers can't step up to the plate, SHIB might just keep doing its sideways dance inside this pattern for a while longer. The $0.00001280 level has been holding up pretty well as support, but all eyes are on whether it can actually blast through that $0.00001720 resistance.
This is one of those setups where patience pays off. The next few trading sessions could be make-or-break time for SHIB holders, and whatever happens here will likely set the tone for the token's next chapter.
Peter Smith
