Shiba Inu (SHIB) might increase by 54% if this pattern holds, here's how SHIB $SHIB SHIBCommunity ShibArmy
A technical trading pattern, called a"bullish pennant," suggests that significant upward price movement might soon continue.
It typically emerges when the price makes a significant upward advance, pauses and then consolidates within bounded support and resistance lines. At the time of writing, SHIB was up 6% in the last 24 hours at $0.0000125. Shiba Inu's consolidation near the $0.000011 to $0.000012 range remains significant.In August 2022, the $0.000012 range acted as a trigger for Shiba Inu's price, causing the dog-themed cryptocurrency to soar 42% in a single day when its price rose near the $0.
After Shiba Inu rebounded from Jan. 30 lows of $0.0000112, its price has been on a steady rise. A close in the green today would mark SHIB's fourth straight day of gains. Shiba Inu prices reached highs of $0.0000129 on Feb. 3, but bulls could not sustain the tempo as bears mounted an attack. A break in this key barrier could target $0.000136 before $0.0000151. If the breakout continues, the bulls may attempt the $0.0000179 level next.
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