🐢 Shiba Inu ( $SHIB ) Price Analysis – Breakout Incoming? πŸš€

Josh Altons - Feb 12 - - Dev Community

πŸ“Š SHIB Nears Breakout!
Shiba Inu has formed a bullish ascending triangle pattern after a recent decline. If SHIB closes above $0.000017, it could rally 20% to $0.000020, signaling strong upside momentum.

πŸ’° Traders Show Mixed Sentiment!
While some investors are accumulating, others are dumping SHIB onto exchanges. A $1.65M inflow suggests potential selling pressure, but open interest is up 12%, showing renewed trader optimism.

⚠️ Key Liquidation Levels to Watch!
Major liquidation zones sit at $0.00001545 (support) and $0.00001695 (resistance). A decisive breakout above $0.000017 is needed to confirm the uptrend.

πŸ“‰ What’s Next for SHIB?
With bullish sentiment building, traders must watch for volume confirmation before a breakout or rejection at key levels. Will SHIB finally surge past resistance?

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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