Shiba Inu Eyes 100% Jump As Key 2D Chart Pattern Forms

SHIB trades near key support inside a tightening descending triangle pattern.

A breakout above the upper trendline could unlock targets up to $0.00002050.

Failure to hold support risks a drop toward the deeper $0.00001080 zone.

Traders are watching a tense market as Shiba Inu's SHIB builds pressure for a major move. After days of drifting lower, the chart now shows a pattern that often signals explosive rallies. Analysts spot a descending triangle tightening like a coiled spring. Buyers defend a crucial support zone while sellers push from above. This tug of war could soon unleash a sharp breakout with gains approaching one hundred percent.

Descending Triangle Builds Momentum

The Shiba Inu price chart on the two-day timeframe reveals a descending triangle pattern. Lower highs press against a falling resistance line while a sturdy support base holds near $0.00001080. Buyers have recently stepped in closer to $0.000012, protecting that level since August. Each retest of support adds fuel to the growing tension.

Technical analyst Jonathan Carter believes this structure points to a powerful upside if the floor remains intact. During the past 24 hours, Shiba Inu bounced from $0.000012 and now trades just under the 50-day moving average. Clearing that level would strengthen a bullish case. A break above the triangle’s upper trendline could trigger a rapid climb toward key resistance zones.

Carter highlights price targets at $0.00001420, $0.00001600, $0.00001850, and $0.00002050. Achieving these milestones would nearly double the current value. Such a rally could even carry SHIB back toward $0.00002460, a level last tested early this year. Traders eye these numbers with growing anticipation, ready for the spark that ignites momentum.

Support Zone Holds the Key

The positive sentiment relies on ongoing support of the important zone from $0.00001200 to $0.00001224. A breakdown below this threshold would damage the upward momentum, opening the possibility for heavier declines to $0.00001080. For the moment, buyers have held fast and established that support level as a strong stance against further selling.

Currently trading at approximately $0.00001219 keeps the bullish structure alive. The next chapter depends on volume and sentiment. A clear break above the descending resistance line would tell us the market favors the bulls. Daily patience and awareness guide those feeling like a breakout is coming.

This formation perfectly describes the drama of the crypto markets and how quickly the price action can shift. Each candle, the triangle is getting tighter, like a storm about to be unleashed with a lightning strike. Regardless of which direction Shiba Inu goes, the next few days have potential for a wild ride.

Shiba Inu is tightening in a descending triangle formation above robust support at approximately $0.000012. Analyst target levels, which could provide 100% returns, include $0.00001420, $0.00001600, $0.00001850, and $0.00002050. Holding this major support zone is critical for a breakout toward the higher resistance levels mentioned above.