Shiba Inu Price Set for 250% Surge Following Falling Wedge Pattern
Recent analysis indicates that Shiba Inu (SHIB) is forming a Falling Wedge pattern, suggesting an imminent breakout. Technical indicators show the potential for a price surge of over 250% in the upcoming months.
Key Insights on Shiba Inu Price Movement
- SHIB is nearing a crucial accumulation zone, historically linked to price rallies.
- The Falling Wedge pattern typically signals a bullish reversal after periods of decline.
- A breakout could lead SHIB to key resistance levels at $0.00002913, $0.00003612, and $0.00004401.
- This represents a potential increase of 251% from its current market value.
- The analyst forecasts that SHIB may peak at $0.00004401 within 77 days, around April 29, 2025.
- A downward movement to a low of $0.00001299 is anticipated before the rally begins.
- Current trading price is $0.000015, with recent declines of 3.9% in 24 hours and 23.8% over the past month.
- The TD Sequential indicator has flashed a buy signal, indicating potential for a rebound towards $0.0000185.
