"Shiba Inu's Triangle Breakout Could Spark 27% Rally as Bulls Await a Green Light"

Shiba Inu (SHIB) is attracting renewed attention as analysts highlight a potential 27% rally to $0.0000159 from its current price. The price action has drawn the interest of traders and long-term investors alike, particularly as the token shows early signs of a bullish reversal after months of consolidation. Technical indicators, including a forming horizontal triangle on the daily chart, suggest that a breakout could be imminent, potentially triggering a significant upward movement.

Carl Moon, founder of the Moon Show, has pointed to this triangle pattern as a key development. “The triangle suggests tightening momentum that could lead to a breakout,” he said in a recent analysis, indicating that the price is poised for a significant move. The support level at $0.000012 has held firm amid broader market pressures, a sign of strength that could lead to renewed bullish activity. Recent price movements have also seen SHIB retest its July high of $0.0000159, reinforcing the possibility of a breakout above this level.

Further support for the bullish case comes from Javon Marks, a market commentator, who noted a confirmed bullish divergence on shorter timeframes. This divergence—where price action moves in one direction while momentum indicators move in another—often signals a reversal. If SHIB can successfully break above $0.0000159, it may see a rally toward $0.0000140–$0.0000145 before testing higher targets. The Shiba Inu ecosystem team also believes the token could eventually surpass its 2021 peak, though this is contingent on broader adoption and ecosystem development.

Analysts are cautious, however, as SHIB remains below its 50-week moving average, and trading volumes have declined in recent months. While retail traders appear to be driving momentum, large investors have not shown signs of significant accumulation. This retail-led rally is seen as a short-term opportunity rather than a definitive shift in the token’s long-term trajectory.

Despite the bullish signals, experts remain skeptical about SHIB reaching $1 in the near term. The token’s large supply and low market capitalization present structural challenges, and many analysts believe that any significant price appreciation will require broader adoption and ecosystem development. Nevertheless, the potential for a 27% rally to $0.0000159 has reignited interest in SHIB, particularly among traders monitoring key support and resistance levels.

Looking ahead, SHIB’s price movement will depend on how it navigates its current triangle pattern and whether it can sustain a breakout. If successful, this could signal the start of a more substantial bull run, potentially drawing renewed interest from both retail and institutional investors. As the market awaits further developments, traders are advised to closely monitor these levels for potential entry and exit points.