Shiba Inu Poised for Explosive 17X Breakout as Technical Indicators Turn Bullish

Shiba Inu’s technical structure is garnering significant attention as a recent analysis by CryptoELlTES indicates a potential 17X price surge. The coin is currently trading within a narrow, symmetrical triangle—a pattern that historically precedes strong breakouts. The chart analysis highlights that SHIB is in a prime buy zone with repeated tests of its support line, suggesting underlying accumulation despite recent short-term pullbacks. Analysts note that if SHIB can break above the upper boundary of the triangle, it could target a price around $0.00023. This bullish setup is underscored by multiple price rebounds, a formation possibly resembling a cup within the larger triangle, and the potential to secure its first positive monthly close in April after several down months. The anticipation of a breakout is driven by both immediate technical momentum and historical trends that have favored explosive upward moves once key resistance levels are breached.