SHIB price breakout: Shiba Inu (SHIB) has formed a falling wedge on the 4‑hour chart, signalling a potential 8.75% move toward $0.00001416 if buyers regain momentum. On‑chain metrics—Binance long/short ratio at 2.55—show dominant bullish positioning despite a recent ~14% weekly decline.
Falling wedge pattern suggests an 8.75% upside to $0.00001416 if confirmed.
Binance SHIBUSDT long/short ratio of 2.55 implies 71.82% of traders are long.
24‑hour trading volume down ~30%; RSI near 43 and Supertrend remains bearish, indicating mixed momentum.
SHIB price breakout: Shiba Inu shows a falling wedge and bullish on‑chain positioning—read levels, volume, and what traders should watch next.
What is SHIB’s current technical outlook?
SHIB price is trading near $0.00001295 and has formed a four‑hour falling wedge that often precedes breakouts. Short‑term indicators are mixed: the Supertrend remains red (bearish) while the RSI (~43) sits in neutral territory, pointing to consolidation with upside potential if volume returns.
How likely is a SHIB price breakout and what level would it target?
Technical patterns indicate an 8.75% upside target to the next resistance at $0.00001416 if SHIB breaks above the wedge. Confirmation requires a decisive four‑hour candle close above the wedge boundary accompanied by rising volume. TradingView technical snapshots and pattern history support wedge breakouts as a common outcome, but false breaks can occur without volume confirmation.
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Source: TradingView (pattern chart)
What do on‑chain metrics and derivatives data reveal?
On‑chain and derivatives flows show increased bullish positioning even while price consolidates. CoinGlass data indicates a Binance SHIBUSDT Long/Short ratio of 2.55, meaning ~71.82% of traders are long and 28.18% are short. That concentration of longs raises the potential for leveraged squeezes if price moves quickly.
24‑hour trading volume has dipped roughly 30% versus the prior day (CoinMarketCap), which weakens breakout conviction until volume returns. Major liquidation clusters sit around $0.00001266 (lower) and $0.00001318 (upper), where roughly $533.33k of long and $261.34k of short exposure are concentrated.
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A confirmed breakout requires a four‑hour candle closing above the wedge with above‑average volume. If this occurs, an initial 8.75% move toward $0.00001416 becomes likely; absent volume the pattern risks failure and continued consolidation.
Monitor Binance long/short ratio, liquidation clusters at $0.00001266 and $0.00001318, and 24‑hour volume changes. Rising volume with a higher long/short ratio supports bullish moves; sudden liquidation spikes can accelerate price swings.
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