SHIB Near Ascending Triangle Lower Boundary May Signal Breakout or Breakdown in Three Days as RSI Nears Neutral

• Key support: ascending triangle lower trendline near $0.0000122

• Bullish trigger: daily close above $0.0000135 with volume confirmation

• Risk levels: breakdown below $0.0000120 targets $0.0000110; watch RSI and EMAs

SHIB technical breakdown: Watch Shiba Inu at $0.0000122—see breakout and breakdown targets, RSI cues, and monitoring steps to act quickly.

What is the current SHIB technical breakdown?

SHIB technical breakdown shows Shiba Inu trading near the ascending triangle’s lower boundary at roughly $0.0000122. Buyers have repeatedly defended the rising support, but resistance around the 100- and 200-day EMAs and a descending upper trendline keep upside momentum capped.

How close is SHIB to confirming a breakout or breakdown?

SHIB has about three trading sessions before testing the triangle’s lower trendline. A decisive daily close above $0.0000135—ideally on increased volume—would confirm a bullish breakout and open targets at $0.0000145 and $0.0000160.

Conversely, failure to hold the lower trendline and a close below $0.0000120 could invalidate the recovery setup and push price toward $0.0000110, reinforcing bearish momentum.

RSI’s neutral level: How should traders read momentum?

The Relative Strength Index (RSI) sits near neutral, indicating no clear dominance by bulls or bears. Neutral RSI suggests that confirmation via price action and volume is critical before committing to directional trades.

Rising RSI alongside increased volume on a breakout would support sustained upside. A falling RSI on a breakdown would add conviction to downside targets.

What are the key price levels and targets?

Front-loaded targets help traders act swiftly. Use the table below to compare breakout and breakdown scenarios and their immediate price objectives.

Which indicators should market participants watch?

Track RSI for momentum bias, 100- and 200-day EMAs for trend resistance, and on-chain or exchange volume for conviction. Official exchange data and on-chain metrics provide verification without speculation.

Frequently Asked Questions

What is the likely timeline for SHIB’s next move?

SHIB is expected to test the triangle boundary within roughly three trading sessions. The decisive movement should occur at that test, depending on volume and RSI confirmation.

How can traders confirm a bullish breakout?

A bullish breakout is best confirmed by a daily close above $0.0000135 combined with above-average volume and a strengthening RSI. Confirming data should come from official exchange volume and on-chain metrics.

Key Takeaways

• Support at $0.0000122: The ascending triangle lower trendline is the immediate support to watch.
• Clear triggers: Close above $0.0000135 signals bullish targets; close below $0.0000120 signals downside risk.
• Confirm with indicators: Use RSI, volume, and EMA levels to validate moves and manage risk.

Conclusion

This SHIB technical breakdown highlights a critical inflection point as Shiba Inu hovers near $0.0000122 inside an ascending triangle. Monitor volume, RSI, and EMA resistance for confirmation. Traders should prepare for either a measured recovery above $0.0000135 or a corrective move toward $0.0000110 if support fails.