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Shiba Inu Price Squeeze Nears Breaking Point, Is a Move Toward $0.00023 Next?

Summary by The Market Periodical
Key Insights: SHIB price is squeezing under resistance at $0.0000117 on the weekly chart. A breakout from the triangle pattern could send SHIB soaring toward $0.00023. 132M SHIB burned this week, reducing supply and boosting bullish potential. Shiba Inu (SHIB) price continued to consolidate just below the $0.0000117 resistance. The weekly chart shows price compression under a descending trendline, forming a symmetrical triangle—often a precurso…
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The Market Periodical broke the news in on Thursday, April 17, 2025.
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