According to market analyst Charting Guy, Shiba Inu could potentially reach highs last seen in late 2021 after a breakout from a symmetrical triangle formation. The analyst believes that Shiba Inu is "ready" for a breakout based on its price movements over a 1-week timeframe. The symmetrical triangle has been forming for several months, with the lower trendline starting in May and the upper trendline emerging after a drop in price in March. The breakout could lead to the token reaching the $0.00002 psychological threshold and potentially even the $0.00008841 target. Resistance levels at various Fibonacci retracement levels are expected, with the biggest resistance likely to be between $0.000024 and $0.000030. Market data shows a bullish outlook for Shiba Inu, with bull volume consistently surpassing bear volume since mid-September. Large transactions in Shiba Inu have also remained above the 1 trillion mark daily, indicating strong demand for the token. A downward move is seen as unlikely, with lower supports at $0.000008411 and $0.000005808.



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