Summary
TLDR: Shiba Inu (SHIB) price is on the verge of a bullish breakout, with investors showing increasing conviction. Active SHIB deposits are declining, indicating a shift from short-term to long-term holders. This could lead to a 42% rally if the symmetrical triangle pattern is broken, but failure could result in a price decline. Investors should conduct their own research before making any financial decisions.
Key Points
1. Shiba Inu (SHIB) price is close to breaking out of a bullish pattern that could send the meme coin shooting up on the charts.
2. Indeed, holders are beginning to exhibit conviction, which could propel SHIB to new year-to-date highs.
3. Shiba Inu’s price is on the verge of a bullish breakout, and by the looks of it, investors are acting more and more optimistic. This is visible from the decline in the active SHIB deposits.