Shiba Inu Price Prediction: Break Above Descending Triangle Could Spark Bull Run

Shiba Inu has had its fair share of volatility since hitting an all-time high in October 2021, when it reached $0.00008845 during the meme coin frenzy fueled by Elon Musk's tweets and retail investment.

The current price is over 94% lower than that peak, currently trading at around $0.00000462.

A descending triangle pattern on the 4H chart has been keeping a lid on SHIB's price, but a break above this trendline with decent volume could lead to a powerful bull run.

However, if rejected instead, the price might slide towards $0.00000431 or even $0.00000410.