$SHIB is currently trading within a rising wedge pattern

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SHIB is currently trading within a rising wedge pattern on the 4H chart — a setup that often hints at a volatility squeeze before the next explosive move.

🔹Price consolidating around 0.0000108 – 0.0000110, sitting near the midline support of the wedge.

🔸The wedge began forming from the 0.0000090 base, marking a steady climb with higher highs & higher lows.

🔹Immediate support: 0.0000102 – 0.0000098 (wedge base).

🔸Immediate resistance: 0.0000115 – 0.0000125 (upper trendline).


🟩 Bullish Case
If price breaks above 0.0000115 with strong volume, #SHIB could rally toward
➡️ 0.0000125 → 0.0000130, and possibly revisit 0.0000135 zone (next key resistance).

🟥 Bearish Case:
If the price slips below 0.0000098, expect a correction toward
➡️ 0.0000090 – 0.0000088, where fresh accumulation could occur before the next leg.


SHIB’s structure remains technically healthy — buyers are holding the trend channel firmly, but the wedge is tightening fast.
A decisive move (likely within the next few sessions) will define the next major direction.

Keep an eye on volume spikes — the real move begins there! ⚡️

Penafian

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