🚨 SHIB: EXPLOSIVE CHART SETUP CONFIRMED! BULL RUN IMMINENT? 🐕🚀
The charts for Shiba Inu ($SHIB) are flashing high-probability bullish signals, suggesting a major breakout is on the cards!
📈 The Setup: High Conviction Bullish Signals
Triangle Breakout/Consolidation: SHIB has been consolidating (moving sideways) for months, potentially forming a large symmetrical triangle or falling wedge pattern. These are classic continuation/reversal patterns that often lead to explosive, directional moves.
Key Support Held: SHIB has repeatedly defended crucial long-term support levels (around the $0.000008-$0.000011 range, depending on the chart timeframe). Repeated defense of a floor shows strong buyer accumulation.
Bullish Divergence: Technical indicators like the RSI or MACD are showing bullish divergence, where the momentum indicator is rising even as the price drifts sideways. This is a powerful signal that selling pressure is weakening and a reversal is brewing.
💰 Whales Are Accumulating
On-chain data confirms the technical picture:
Massive Outflow: Recent reports show trillions of SHIB tokens are being withdrawn from exchanges to private wallets. This huge exodus points directly to whale accumulation and a long-term bullish outlook.
✅ The Breakout Target
A confirmed move above a key resistance zone (often cited near $0.0000145 or the 200 EMA) could unlock the pattern's targets, potentially leading to a 100%+ move higher in the mid-term.
Final Take: The technical setup is high-probability, and whale behavior backs the bullish view. Watch for a decisive move and a spike in volume to confirm the start of the next leg up!
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