Date: Sun, May 25, 2025 | 05:58 AM GMT
The cryptocurrency market has staged a strong comeback in Q2 after a bearish first quarter. Bitcoin (BTC) surged to a new all-time high of $111,970, while Ethereum (ETH) has gained over 42% in the past 30 days. This bullish momentum has lifted many major altcoins and memecoins.
However, Shiba Inu (SHIB) — the second-largest memecoin — has not delivered any standout gains in the past month. Still, it has managed to get back in the green, and a familiar technical setup is now hinting that a bigger bounceback could be on the horizon.
Source: Coinmarketcap
Breakout Fractal Hints at Potential Upside Move
On the daily chart, SHIB is trading inside a symmetrical triangle and appears to be repeating a breakout pattern from late 2024. During that previous setup, SHIB broke out of a descending trendline, formed a double bottom, and saw a 50-day and 100-day moving average (MA) crossover, which triggered a sharp 71% rally — from a key consolidation zone (marked by the yellow line) all the way to the triangle’s upper resistance.
Shiba Inu (SHIB) Daily Chart/Coinsprobe (Source: Tradingview)
At present, SHIB has once again followed a similar technical path:
- It broke out of a descending trendline
- Formed another double bottom
- The 50-day and 100-day MAs are nearing a crossover
- And it is now trading just below the same yellow resistance zone, where the last breakout began
This pattern repetition — or fractal behavior — has caught the attention of traders watching for a potential upside breakout.
What’s Next for SHIB?
If SHIB follows its previous breakout path, a significant rally could be in play over the next few weeks. The key level to watch is the yellow-marked resistance at $0.00001553. A confirmed move above this level would mirror the previous breakout and likely set SHIB on a path to test the triangle’s descending resistance line near $0.00002355 — a potential 45% gain from current levels.
Should SHIB manage to break out of the triangle entirely, it could trigger an even larger upside rally, fueled by renewed bullish sentiment and momentum from the memecoin sector.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions in cryptocurrencies.
