The meme coin that refuses to stay down just delivered exactly what traders were hoping for. After weeks of sideways action, SHIB has finally broken free from a pattern that often leads to explosive moves. Here's why this could be the start of something bigger.
SHIB Price Breaks Free from Falling Wedge Pattern
Shiba Inu just punched through resistance in style, surging out of what technical analysts call a falling wedge—one of the most reliable bullish setups in crypto. The breakout drove SHIB to $0.00001308, delivering a solid +5.65% gain in a single session.
This wasn't just any random pump. SHIB had been grinding lower within that wedge formation for weeks, with sellers seemingly in control. But today's move suggests the script has flipped, and buyers are finally stepping up to the plate.
According to trader @WispOfDefi, this breakout has all the hallmarks of a legitimate reversal pattern. The volume behind the move looks decent, and more importantly, SHIB managed to close above that critical resistance level.
Next SHIB Price Targets Come into Focus
Now that SHIB has broken free, traders are eyeing the next resistance zone between $0.000014 and $0.000015. If the buying momentum continues and volume stays strong, those levels could come into play sooner than expected.
The key thing to watch is whether SHIB can hold above $0.00001308. A sustained close above this level would confirm the breakout and keep the bulls in charge. But if we see a quick reversal back into the wedge, it could signal a false breakout—something that happens more often than traders like to admit.
For now though, SHIB holders have reason to be optimistic. Falling wedge breakouts often lead to sustained rallies, especially when they come after extended periods of consolidation.
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Shiba Coin Price: Is This the Breakout Meme Coin Fans Have Been Waiting For?
The meme coin that refuses to stay down just delivered exactly what traders were hoping for. After weeks of sideways action, SHIB has finally broken free from a pattern that often leads to explosive moves. Here's why this could be the start of something bigger.
SHIB Price Breaks Free from Falling Wedge Pattern
Shiba Inu just punched through resistance in style, surging out of what technical analysts call a falling wedge—one of the most reliable bullish setups in crypto. The breakout drove SHIB to $0.00001308, delivering a solid +5.65% gain in a single session.
This wasn't just any random pump. SHIB had been grinding lower within that wedge formation for weeks, with sellers seemingly in control. But today's move suggests the script has flipped, and buyers are finally stepping up to the plate.
According to trader @WispOfDefi, this breakout has all the hallmarks of a legitimate reversal pattern. The volume behind the move looks decent, and more importantly, SHIB managed to close above that critical resistance level.
Next SHIB Price Targets Come into Focus
Now that SHIB has broken free, traders are eyeing the next resistance zone between $0.000014 and $0.000015. If the buying momentum continues and volume stays strong, those levels could come into play sooner than expected.
The key thing to watch is whether SHIB can hold above $0.00001308. A sustained close above this level would confirm the breakout and keep the bulls in charge. But if we see a quick reversal back into the wedge, it could signal a false breakout—something that happens more often than traders like to admit.
For now though, SHIB holders have reason to be optimistic. Falling wedge breakouts often lead to sustained rallies, especially when they come after extended periods of consolidation.