Shiba Inu (SHIB) is showing strong bullish momentum, with a double bottom and cup-and-handle pattern signaling a potential breakout to the upside.
Calling this development, renowned market analyst Tom Tucker pointed out that SHIB is flashing strong bullish signals, with a cup-and-handle pattern forming atop a confirmed double bottom.
The current pullback is forming the handle, while rising whale accumulation reinforces the setup, hinting at a potential 70% breakout from current levels.
Based on this analysis, a 70% rally could propel Shiba Inu to $0.00002, up from its current price of $0.000012, making it reclaim a key psychological level.
Similar sentiments were shared by market analyst DavidTheBuilder, who noted that SHIB was traversing a falling wedge formation with the possibility of a breakout above $0.0000146 and especially $0.0000158, igniting swift bullish momentum and a potential rally.
 
Meanwhile, the Shiba Inu network recently went quantum-proof with a new identity protocol powered by advanced encryption to secure its ecosystem.
The newly launched Shib Identity system adds a decentralized, privacy-first identity layer to the Shiba Inu ecosystem.
Powered by Fully Homomorphic Encryption (FHE), it enables secure computations on encrypted data, ensuring user credentials remain private even during authentication.
Therefore, this quantum-resistant design future-proofs Shiba Inu against emerging cryptographic threats.
Source: https://zycrypto.com/shiba-inu-whale-accumulation-plus-dual-bullish-patterns-project-70-rocket-for-shib-price/