Just noticed SHIB finally broke through that triangle pattern everyone's been watching. Volume picked up noticeably and it's holding above what used to be resistance. The derivatives market is getting active too - saw trading volume hit some serious numbers with open interest climbing. Looks like the momentum might actually stick around this time.



Key thing to watch is whether it can stay above that support zone near $0.0000060. If it does, the triangle breakout could push towards the next resistance band. The shorter timeframe moving averages are aligning nicely which is a decent sign. Obviously there's still overhead resistance to deal with, but the pattern breakout combined with rising volume is something worth keeping an eye on.

Not saying it's guaranteed to moon, but the technical setup is looking more interesting than it has in a while. Just depends on whether this volume sticks around and buying pressure holds up.
SHIB2,16%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin