Shiba Inu Analysts Eye $0.000036 and $0.000058 as Crucial Breakout Price Zones

SHIB breaks a 75-week downtrend with rising lows and clear accumulation, signaling renewed investor confidence.

A symmetrical triangle pattern and rising trendline suggest SHIB could soon break past resistance with sharp volatility.

Because they are in line with past trends and solid support zones, chart experts are looking for breakthrough points at $0.000036 and $0.000058.

As bullish momentum gathers around important price levels, Shiba Inu (SHIB) looks ready for a potential breakout. Converging evidence, according to technical experts, shows that the meme token may overcome low-volume worries.

Key Breakout Patterns Emerge Across Multi-Year Structure

Source: Post on X

As we can see from the post above, one bullish analyst, Javon Marks, has presented a detailed analysis of SHIB’s chart. The asset has maintained a well-defined trend since its October 2021 peak of $0.00008873. His chart outlines a 75-week downtrend curve followed by a significant accumulation base.

According to the expert, the breakout from $0.00000780 confirms bullish structure strength and reversal confirmation. The asset began forming higher lows after retesting support, signaling improved sentiment. The latest consolidation near $0.00001842 occurs above a rising trendline that sustains momentum.

Taking this idea to the next level uncovers SHIB’s mid-2024 rally to $0.000045, which aligns with bullish divergence signs. A hidden uptrend bias appears as momentum weakens while support strengthens. Horizontal targets sit at $0.00005881 and $0.00011629, with over 450% upside from current levels.

A more striking observation is the absence of volume and moving average overlays. The expert relies purely on historical price interaction for his breakout zones. It’s equally important to recognize that the Shiba Inu chart reflects clean structural behavior, from peak to correction to consolidation.

A Technical Triangle Hints at Imminent Volatility Shift

Looking at it from another angle reveals how another expert has provided insights using a symmetrical triangle pattern on CoinMarketCap. The pattern converges between a resistance level at $0.000036 and support near $0.00000545.

Source: Post on X

Moreover, there’s the aspect of historical volatility, with strong impulses marked by earlier candlestick compression zones. This triangle hints at a potential breakout with increased volatility ahead. The current price action remains tightly bound, consolidating near the $0.00001579 level.

It’s crucial to acknowledge that volume spikes occurred during earlier breakouts, especially around early 2024. A further upside to consider is that SHIB’s all-time performance reflects astronomical growth percentages. These values highlight its appeal to both speculative traders and long-term holders.

Final Outlook: Analysts See Breakout Potential in SHIB Structure

A more compelling takeaway is that both analysts highlight price compression followed by breakout setups across multi-year data. Historical reversal zones, momentum-based divergence indications, and symmetrical patterns are the sources of this bullishness. The levels of $0.000036 and $0.000058 are still being watched by experts as important breakout thresholds.

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