- SHIB has broken a descending triangle at $0.00001365 with forecasts pointing to $0.0000165 as the first upside target in the short term.
- Chart projections highlight $0.0001 as a key milestone that traders and community members now view as the next possible destination.
- Social media activity has surged with traders expressing strong confidence that SHIB could hold momentum above $0.00001365 resistance.
Shiba Inu (SHIB) has broken a descending trendline after weeks of consolidation. The price now trades at $0.00001365, with projections pointing toward a rally that could reach the long-awaited $0.0001 mark.
Breakout From Descending Triangle
The four-hour chart shows SHIB breaking free from a descending triangle that contained price action for months. The structure was defined by resistance sloping downward from earlier highs and a horizontal support line near $0.00001266.
A sustained breakout above this descending resistance suggests bullish momentum is building. Price movement has shifted toward higher levels, confirming renewed strength after repeated tests of support. Traders identify such a breakout as a significant event that often signals the start of extended rallies.
At the time of analysis, SHIB trades slightly above $0.0000136. This level now stands as a foundation for potential upward continuation. The breakout has also triggered renewed trading activity, increasing speculation across community channels.
Price Projections Toward Key Levels
Technical forecasts project a sharp rally if momentum continues. The immediate target identified lies near $0.00001650, a level corresponding with the upper resistance of prior swings.
Further projections stretch toward $0.0001, a milestone long discussed within the SHIB community. Market sentiment has embraced this target, with traders circulating chart patterns suggesting that such levels are now in view.
Social media platforms have amplified this forecast. A widely circulated chart by ShibSpain illustrates a strong upward path after the breakout. The projection shows SHIB reaching $0.0001, with multiple staged consolidations along the way. This outlook has fueled discussions of whether the rally can sustain such momentum over the coming weeks.
Historical analysis supports the case for extended moves following breakouts of descending structures. Earlier surges from similar chart patterns have resulted in rapid price gains, though with volatility.
Market Reactions and Trader Sentiment
The breakout has generated widespread attention across trading communities. Posts on X (formerly Twitter) highlight growing confidence that SHIB may sustain a rally. ShibSpain, a popular community account, declared “$SHIB is going to $0.0001” while adding that the move is “inevitable.”
Engagement levels underline the heightened sentiment. The post has drawn thousands of views, with hundreds of traders reacting positively to the forecast. Comments emphasize long-term conviction, with several users noting strong confidence in SHIB’s potential to reach projected levels.
Price levels near $0.00001365 remain under close observation. Traders view holding above this zone as critical for momentum continuation. A breakdown could challenge this outlook, while sustained gains would validate bullish projections.
The pivotal question is whether SHIB can maintain momentum long enough to achieve the projected $0.0001 milestone.
