Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets
Shiba Inu (SHIB) printed a textbook-grade inverted head-and-shoulders on the daily chart this spring, and Tuesday’s session shows the pattern has now gone through the full breakout-and-retest sequence flagged by independent analyst Cantonese Cat (@cantonmeow). Shiba Inu Completes iH&S Pattern The structure took shape over three distinct troughs: a left shoulder that bottomed just above $0.00001082 in mid-March, a head that wicked to about $0.00001030 in early-April, and a right shoulder that found support near $0.00001230 in the opening days of May. That sequence carved out an arc lasting....
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Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown. The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play. On the other hand, a....