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Analysis

SHIB Eyes Surge Near $0.00000800 After Falling Wedge Breakout Signals Growth

3 mins mins

Key Insights:

  • SHIB price nears $0.00000800, with breakout signals suggesting that potential growth is coming.
  • The falling wedge pattern indicates that a possible bullish move is approaching with tight price action.
  • Resistance is at $0.00000815, and support at $0.00000745, showing crucial for asset’s next move.
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SHIB Eyes Surge Near $0.00000800 After Falling Wedge Breakout Signals Growth

Shiba Inu (SHIB) is nearing a key level of $0.00000800 after showing signs of potential growth. The cryptocurrency is approaching a breakout from a falling wedge pattern on the 3D timeframe. Traders and analysts are watching the price movement closely, as it could indicate a significant price jump for the asset in the coming days.

Falling Wedge Pattern Sparks Optimism

The falling wedge pattern, often seen as a bullish signal, has been forming for some time on the Shiba Inu chart. This pattern suggests that the price is coiling in a tight range, indicating that a breakout is imminent. Traders believe that once the asset breaks out of the wedge, the price could rise sharply toward higher levels.

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Falling Wedge Pattern | Source: X

ShibariumGem noted that the price is coiling tight for the next move as the accumulation phase is finally ending. The analysis suggests that SHIB is setting up for a potential upward move. This could lead to a surge toward new levels for the cryptocurrency.

Some analysts predict a bullish surge, while others advise caution. As of now, the token is trading at $0.000008, with a slight increase in the last 24 hours. With the current market conditions, traders are cautious about their strategies. 

Resistance and Support Levels for SHIB

Currently, Shiba Inu faces resistance around the $0.00000801 and $0.00000815 levels. These areas could play a key role in determining the asset’s short-term direction. According to Finora AI, if the price stays below these levels, a bearish trend could continue. However, if SHIB manages to break through these resistances, it could trigger a strong bullish momentum.

“The next demand is at $0.00000745, where another liquidity hunt and reversal pattern could offer a better long entry,” said Finora AI. 

This suggests that, depending on price action, traders may find opportunities for both long and short trades in the coming hours. Despite the technical patterns pointing toward a possible breakout, market sentiment around the token remains mixed.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of Olivia Stephanie

Olivia Stephanie

21 January 2026, 20:33:47 GMT +0000

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