Whales and Traders Hold Breath as SHIB’s Triangle Pattern Nears Breakout Point

Shiba Inu (SHIB) is drawing renewed attention from analysts and traders as it potentially approaches a breakout from a tightening triangle pattern on the daily timeframe, which could drive a 27% rally to $0.0000159, the price level seen as a key resistance. This assessment comes from Carl Moon, a prominent crypto analyst with over 1.5 million followers on X, who shared insights in a recent Sunday post. Moon highlighted the formation of a horizontal triangle, a bullish technical structure typically seen as a precursor to significant price movements. SHIB has been trading within a defined range, consolidating after a year-to-date decline of 40.8% and a 3.87% increase in the past seven days as of early September 2025.

The triangle pattern began to form from a peak of $0.0000159 in July, a level at which bears previously pushed prices down to $0.0000100. SHIB has since retraced to this support multiple times, with the most recent attempt to break out occurring on August 24 at $0.00001351, which failed to secure a breakout. Analysts argue that the tightening of the triangle indicates an imminent decision point, with the likelihood of a sharp upward or downward move.

According to Moon’s analysis, a successful breakout from the triangle would likely trigger a rally toward the July peak of $0.0000159, representing a 27% gain from the current level of approximately $0.00001251. A further 59% rally from the $0.0000100 support level is also under consideration if SHIB retests and rebounds from the lower boundary of the pattern. This potential movement is supported by increasing buyer confidence, as evidenced by SHIB’s 2% price increase in recent days and the growing volume of trades.

The broader market environment for SHIB has been mixed. While it ranks second in monthly performance among memecoins—trailing only Dogecoin—its weekly gains of about 4% fall behind competitors like PENGU. The token’s 3% monthly drop aligns with the average decline in the memecoin sector. However, SHIB has demonstrated resilience, with reduced selling pressure and increased liquidity buildup reported in recent on-chain metrics. Whale activity, including a notable 10.4 trillion SHIB purchase in June 2025, also suggests strong long-term interest in the asset.

Additional technical indicators are fueling optimism. Analyst Javon Marks noted a bullish divergence on the 6-day timeframe, hinting at a potential move toward the $0.000081 level. Meanwhile, the SHIB ecosystem team anticipates a price surge past $0.00008845, surpassing the coin’s 2021 peak and current all-time high. These projections are rooted in the belief that adoption and utility within the Shiba Inu ecosystem will eventually outweigh price fluctuations.

SHIB’s market fundamentals also support its case for a potential rally. The token’s market cap of $7.39 billion, despite its large supply of 589 trillion tokens, places it among the top 20 cryptocurrencies by market value. Its ecosystem includes ShibaSwap, a decentralized exchange, and Shibarium, a Layer-2 solution aimed at reducing transaction costs and enhancing scalability. These developments are expected to drive further usage and liquidity for the token.

While the technical and fundamental outlook appears encouraging, investors are urged to remain cautious. SHIB remains a highly volatile asset, and any bullish movement is contingent on a successful breakout from the triangle pattern. Additionally, the token faces competition from other memecoins and must continue to demonstrate meaningful ecosystem growth to justify sustained price increases. As the market awaits a decisive move, SHIB’s upcoming price action will be closely monitored for signs of a broader trend shift.

Source:

[1] Potential Shiba Inu Triangle Breakout Targets 27% Rally to $0.0000159—Top Pundit (https://thecryptobasic.com/2025/09/08/potential-shiba-inu-triangle-breakout-targets-27-rally-to-0-0000159-top-pundit/)

[2] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/price/shiba-inu)