Will Shiba Inu Surge 17% in June 2025? Triangle Pattern in the Spotlight!
Jakarta, Pintu News – Shiba Inu , one of the cryptocurrencies often considered as a competitor to Dogecoin , is currently a hot topic among analysts. Based on recent technical analysis, SHIB appears to be undergoing price consolidation within a triangle pattern that could trigger a significant move. This pattern, which is known for its ability to indicate potential breakouts, might determine the next direction of the meme currency.
Triangle Pattern Analysis on Shiba Inu
Ali Martinez, an analyst at platform X, recently revealed that Shiba Inu (SHIB) is in a triangle pattern on its 4-hour chart. This triangle pattern forms when the price of an asset consolidates between two trend lines that converge at one point. The upper line of this pattern often acts as resistance, while the lower line serves as support.
Triangle patterns can be very meaningful in technical analysis as they indicate periods of uncertainty where market participants are waiting for clear signals before taking larger positions. In the case of Shiba Inu (SHIB), this pattern suggests that a large move, of about 17%, may be in the offing if the breakout is confirmed.
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Types of Triangle Patterns and Their Implications
In technical analysis, there are several common types of triangle patterns, namely the ascending triangle, descending triangle, and symmetrical triangle. Each type has different implications depending on the direction of the trend line. Ascending triangles usually indicate the continuation of an uptrend, while descending triangles can signal the continuation of a downtrend.
However, not all triangle patterns are easily predictable. For example, a symmetrical triangle, whose trend lines converge without a clear slope, could end up with an upward or downward breakout. Therefore, it is important for investors to monitor this pattern and wait for confirmation before making an investment decision.
Shiba Inu Recent Price Movements
Currently, Shiba Inu (SHIB) is trading at around $0.00001436, having declined about 2% in the last seven days. Despite the decline, the potential for an impulsive move to the upside remains wide open, especially if the triangle pattern can trigger a buying impulse from investors.
In related news, Shiba Inu (SHIB) enthusiasts are starting to revive their optimism after the breakout occurred. The next price target for SHIB will largely depend on the outcome of this triangle pattern, which could take the currency to higher or lower price levels depending on the direction of the breakout.
Conclusion
Considering the triangle pattern that is forming, investors and market watchers should remain vigilant on the movement of Shiba Inu (SHIB) in the coming days. This pattern not only indicates the potential for significant price movement but is also an important indicator of the market sentiment towards this cryptocurrency. The decision to buy or sell should be based on the confirmation of the trend indicated by the breakout of the triangle pattern.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- NewsBTC. Shiba Inu Trapped Inside Triangle, 17% Move Incoming. Accessed on May 30, 2025
- Featured Image: Generated by AI
