Shiba Inu price is compressing inside a symmetrical triangle around $0.0000123; a decisive breakout above $0.000013 or a breakdown below $0.00001 (and the 200-day EMA) will likely determine SHIB’s short-term trend and potential targets near $0.0000095 or $0.000015.
Symmetrical triangle compression: SHIB trading near $0.0000123, key levels at $0.00001 and $0.000013
Breakdown risks target $0.0000095; upside faces 200-day EMA resistance and $0.000015 zone
Watch volume spike on breakout and on-chain metrics from TradingView and exchange order books for confirmation
Shiba Inu price update: SHIB compresses in a triangle around $0.0000123 — watch $0.00001 support and $0.000013 resistance for the next move. Read analysis and trade levels.
What is happening with Shiba Inu price?
Shiba Inu price is consolidating inside a symmetrical triangle near $0.0000123, with converging support and resistance defining a short-term decision point. A decisive close below $0.00001 or above $0.000013 should provide a clear directional signal for traders and investors.
SHIB/USDT Chart by TradingView
Finally happening?
A confirmed breakdown below the triangle and under $0.00001 would increase downside momentum for SHIB. Technical models indicate the next support cluster near $0.0000095; extended weakness below that level would reinforce a bearish trend, particularly if the price remains below the 200-day moving average.
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Conversely, a clean breakout above the upper trendline and a sustained move past $0.000013 would target the 200-day EMA and the $0.000015 zone as the next meaningful resistance. Confirmation requires rising volume and follow-through over multiple sessions.
This inflection point places SHIB in a high-conviction setup: continued compression increases the likelihood of a strong volatility expansion. Watch intraday and daily volume for validation — a volume surge on breakout or breakdown typically signals institutional or retail conviction.
Use a combination of price closes beyond trendlines, daily volume above the 20-day average, and confirmation from order-book depth. Check TradingView chart patterns and exchange order flow data for entry and exit validation.
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Source: https://en.coinotag.com/shiba-inu-approaches-key-triangle-possible-drop-below-0-00001-or-rally-above-0-000013-could-determine-short-term-path/