Shiba Inu Price Consolidates in Bullish Triangle Ahead of Key Breakout Zone

Shiba Inu's price is consolidating within a clear bullish triangle pattern on daily charts, according to Pluang. The token's price is compressing between converging trendlines, with a key breakout zone lying between $0.0000060 and $0.0000070.

A move above this zone could push SHIB toward February highs near $0.00000900, while a downward breakout might see support at $0.00000400 or $0.00000300, offering buying opportunities for large investors.

The positive Chaikin Money Flow and renewed interest from long-term holders add to the cautiously bullish outlook for SHIB, which has recently ended an 11-month bearish cycle by stabilizing its market capitalization around $3.26 billion.