Shiba Inu Breakout Sparks Bullish Surge

Shiba Inu Completes Inverted Head-and-Shoulders Pattern

• Shiba Inu (SHIB) formed an inverted head-and-shoulders pattern on the daily chart this spring.
• The pattern consisted of a left shoulder at $0.00001082, a head at $0.00001030, and a right shoulder at $0.00001230.
• The breakout surged SHIB to $0.00001765, its highest since early February.
• A successful retest established support between $0.00001400 and $0.00001470.
• Key upside targets include $0.00001865 and beyond, based on Fibonacci retracement levels.

The Shiba Inu token completed an inverted head-and-shoulders pattern, with prices reaching as high as $0.00001765 before establishing new support around the neckline zone between $0.00001400 and $0.00001470.