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SHIB market analysis: If the bullish breakout of the triangle pattern is completed, it is expected to pump by 62%.

2025-06-17 10:05:05

SHIB-5.04%

Gate News bot news, Shiba Inu (SHIB) has fallen 18% in the past month, with a trading price of $0.0000119 as of June 17, down 2% in the last 24 hours, and a daily volume of $156 million.

The daily timeframe chart shows that after forming a symmetrical triangle pattern, the SHIB price may experience a rebound, with a bullish breakout potentially bringing a 62% increase. Meanwhile, SHIB holders have sold off 211 million tokens, suggesting a possible capitulation in the short term.

Source: CoinGape

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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