NewsBTC
25 September 2025
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Shiba Inu’s Descending Triangle Hints at Potential 100% Price Rally

Shiba Inu has been trading downward after a failed attempt to break above $0.000015. Technical analysis suggests a descending triangle formation, indicating potential for a bullish move if support holds.

  • The 2-day candlestick chart shows SHIB in a descending triangle with key support around $0.00001080.
  • Repeated retests and buyer activity at $0.000012 add significance to this support zone.
  • The pattern tightness may lead to a breakout if the support withstands pressure.

Currently, Shiba Inu is pushing upward, rebounding from $0.000012, nearing its 50-day moving average. A breakout could target price levels at $0.00001420, $0.00001600, $0.00001850, and $0.00002050, marking nearly a 100% increase.

  • For a continued rally, SHIB must maintain its support between $0.00001200 and $0.00001224.
  • A drop below this range could negate the bullish outlook, risking a fall to deeper supports around $0.00001080.

Shiba Inu’s current trading price is $0.00001219. Maintaining this level keeps the potential for an upward breakout intact.