{"id":68108,"date":"2025-05-21T17:30:15","date_gmt":"2025-05-21T17:30:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=68108"},"modified":"2025-05-21T17:30:15","modified_gmt":"2025-05-21T17:30:15","slug":"shiba-inu-bulls-roar-to-life-after-breakout-next-price-targets","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=68108","title":{"rendered":"Shiba Inu Bulls Roar To Life After Breakout\u2014Next Price Targets"},"content":{"rendered":"

Shiba Inu (SHIB) printed a textbook-grade inverted head-and-shoulders on the daily chart this spring, and Tuesday\u2019s session shows the pattern has now gone through the full breakout-and-retest sequence flagged<\/a> by independent analyst Cantonese Cat (@cantonmeow).<\/p>\n

Shiba Inu Completes iH&S Pattern<\/h2>\n

The structure took shape over three distinct troughs: a left shoulder that bottomed just above $0.00001082 in mid-March, a head that wicked to about $0.00001030 in early-April, and a right shoulder that found support near $0.00001230 in the opening days of May. That sequence carved out an arc lasting more than two months, culminating in a decisive surge from May 8 that vaulted price through the neckline with a long, full-bodied green candle.<\/p>\n

Momentum on that breakout<\/a> carried SHIB as high as the $0.00001765 region\u2014its loftiest print since early-February\u2014before profit-taking invited a classic \u201cthrowback.\u201d Over the past sessions the token has slid back into the neckline zone, where bid interest has so far absorbed supply, validating the level as a fresh support zone between $0.00001400 and $0.00001470. The successful retest is the final criterion many technicians require before calling the pattern complete.<\/p>\n

Measured from the head\u2019s extreme to the midpoint of the neckline, the vertical depth of the formation is roughly $0.0000037. Applying that distance to the breakout area confirms the local top at $0.00001765.<\/p>\n

Cantonese Cat summarised the setup succinctly: \u201cSHIB daily \u2013 inverted H&S brokeback pattern completed. Favors bullish continuation.\u201d With the neckline now acting as a springboard, price action over the next few sessions will determine whether bulls can translate the technical victory into fresh upside follow-through or whether bears manage to drag the token back into the former trading range.<\/p>\n

SHIB Price Targets<\/h2>\n

Upside targets can be found with the help of Fibonacci retracement levels. Anchoring the grid to last summer\u2019s $0.00004569 high and the March swing low at $0.00001030 produces a 23.6 percent retracement at $0.00001865 which forms the second technical waypoint, only after the 200-day EMA at $0.00001603.<\/p>\n

Should buyers reclaim both lines on a closing basis, the roadmap<\/a> points toward $0.00002382 (38.2 percent) and the midpoint level at $0.00002799, an area that also coincides with the lower margin of last December\u2019s congestion zone. Beyond it, the golden-ratio mark at $0.00003217 and the 78.6 percent retracement at $0.00003811 frame the penultimate obstacles before any renewed challenge of the macro peak.<\/p>\n

Conversely, failure to defend the neckline shelf near $0.00001430 would invalidate the bullish script and shift short-term<\/a> risk back to the 50-day EMA around $0.00001399 and ultimately to the cycle floor at $0.00001030. Until that downside failsafe is breached, the Fibonacci grid argues that momentum remains skewed in favor of buyers pressing for a return into the high-teens and, potentially, the low-twenties in the weeks to follow.<\/p>","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) printed a textbook-grade inverted head-and-shoulders on the daily chart this spring, and Tuesday\u2019s session shows the pattern has now gone through the full breakout-and-retest sequence flagged by independent analyst Cantonese Cat (@cantonmeow). Shiba Inu Completes iH&S Pattern The structure took shape over three distinct troughs: a left shoulder that bottomed just above […]<\/p>\n","protected":false},"author":0,"featured_media":68109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68108"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68108"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/68109"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}