- Shiba Inu has remained inside a symmetrical triangle pattern since July, indicating compressed volatility and pending movement.
- The asset trades below major moving averages, yet remains within structure, allowing potential for a surprise bullish breakout.
- A move beyond current triangle boundaries could ignite strong momentum, especially if accompanied by a rise in trading volume.
Shiba Inu has continued to consolidate within a symmetrical triangle formation, maintaining a tight range since July. The price action has remained locked between converging support and resistance levels, suggesting a drop in volatility and a buildup of pressure. This consolidation pattern often leads to a decisive move as the market approaches the apex of the formation.
The SHIB/USDT chart still shows the price adhering closely to both trendlines of the symmetrical triangle. There has not yet been a confirmed breakout on either side. This preservation of structure indicates that the asset is still in a phase of preparation rather than resolution. Traders are watching closely, as these types of formations frequently resolve with sharp price movements in either direction.
Momentum Lingers Below Key Averages
Despite the symmetrical triangle setup, SHIB is still trading below critical moving averages, including the 200-day simple moving average.
A clear move above the triangle’s upper boundary could activate stop orders and attract fresh short-term buyers. If volume accompanies the breakout, SHIB may rally toward resistance levels near $0.0000130. The proximity to the upper resistance, combined with current market compression, points to the possibility of a swift price move once a breakout is confirmed.
On the downside, the loss of triangle support could lead SHIB to retest the $0.0000115 zone. The asset remains within a narrow band, and its next move depends heavily on the break of support or resistance. Until that occurs, SHIB continues to coil within the triangle, awaiting a catalyst.
Volume Will Play a Critical Role
As price compression deepens, traders are monitoring volume activity for clues. A spike in volume during a move beyond the pattern’s boundaries would increase the probability of a sustained trend. For now, SHIB’s behavior inside the triangle keeps the focus on an eventual breakout scenario.
