Shiba Inu Price Eyes 142% Rally as Triangle Pattern Nears Breakout Point

Quick Highlights SHIB trades near $0.00001223 within a triangle pattern that could lead to a 142% rally if resistance breaks above $0.00001400. The token burn rate surged over 201,000% in 24 hours, removing 4.5 million tokens from ￰0￱ patterns and supply reduction create multiple bullish ￰1￱ noted in our earlier post, Bybit exchange data reveals nearly three trillion SHIB tokens held across user ￰2￱ concentration demonstrates significant institutional and retail interest in the ￰3￱ holdings on major exchanges provide liquidity for potential price ￰4￱ Inu ( SHIB ) trades near $0.00001223 at the time of writing, as market participants monitor critical price levels for signs of directional ￰5￱ meme coin remains within a defined range that analysts believe could determine its near-term ￰6￱ to technical indicators, the accumulation cycles tend to occur before major price fluctuations in cryptocurrency ￰7￱ ongoing shift in the trading volume patterns, accompanied by the price consolidation, is reflected in the current SHIB ￰8￱ Pattern Signals Potential Volatility Surge Chart analysis reveals SHIB forming a symmetrical triangle pattern with narrowing price ￰9￱ token has tested resistance several times at $0.00001400 without making a conclusive ￰10￱ levels near $0.00001100 have provided consistent price floors during recent ￰11￱