{"id":8076,"date":"2025-05-30T17:15:48","date_gmt":"2025-05-30T16:15:48","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=8076"},"modified":"2025-05-30T17:15:50","modified_gmt":"2025-05-30T16:15:50","slug":"shiba-inu-price-correction-breakout-shib","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/shiba-inu-price-correction-breakout-shib\/","title":{"rendered":"Shiba Inu Price Outlook : Correction or Breakout Ahead ?"},"content":{"rendered":"\n

Is Shiba Inu Ready to Approach $0.00002 Again?<\/h2>\n\n\n\n

The price of Shiba Inu (SHIB)<\/a><\/strong> seems on track to revisit the level of $0.00002<\/strong> in the coming days. The formation of a very bullish chart pattern, the “Rising Three Methods,” indeed suggests a continuation of the bullish trend<\/strong> that started last May. Will this development delight the most optimistic investors<\/a> in the memecoin world?<\/p>\n\n\n\n

On its weekly chart, Shiba Inu has formed a highly sought-after technical<\/a> pattern during uptrends. This pattern is characterized by a large green candle<\/strong> followed by three small red candles<\/strong>, with increasing lows. All that remains is a fourth green candle to fully validate this pattern<\/strong>.<\/p>\n\n\n

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\"Shiba
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Once this pattern is completed, the price of SHIB should be able to reach the level of $0.0000218<\/strong>. This represents a potential increase of nearly 48%<\/strong> from current levels. If the bullish momentum continues, a further uptrend could push Shiba Inu up to $0.000033<\/strong>. This would mark an unprecedented yearly high.<\/p>\n\n\n\n

Massive Long Position Liquidations<\/h2>\n\n\n\n

Despite this very positive technical outlook, the price of Shiba Inu has recently experienced a significant drop<\/strong> due to the liquidation of over $1 million<\/strong> in long positions. This “market cleansing,” however, paves the way for a rebound towards $0.000022<\/strong> in the coming days.<\/p>\n\n\n\n

In conclusion, even though Shiba Inu is currently going through a consolidation phase<\/strong>, the technical signals remain undeniably bullish. This hints at a new<\/strong> rally<\/strong> in the weeks ahead, with an initial target price of $0.00002. Therefore, the most optimistic investors can look forward to the days ahead!<\/p>\n\n\n\n

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Buy Shiba Inu on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

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