Technical Analyst Reveals Why Shiba Inu’s Weekly Chart Signals Major Bullish Breakout

Forget the memes—Shiba Inu's weekly chart just flashed its most compelling technical setup in months. A leading crypto analyst points to converging indicators that suggest this dog-themed asset might be preparing to run far beyond its kennel.

The Pattern Taking Shape

On higher timeframes, SHIB is painting a classic accumulation narrative. Key moving averages are coiling into a tight consolidation band, while volume profiles hint at steady buying pressure beneath the surface. It's the kind of quiet groundwork that often precedes a volatile move—traders are watching for a decisive close above a critical multi-week resistance level.

Momentum vs. Sentiment

Oscillators are creeping out of oversold territory, not with a sudden spike, but with a measured, sustained climb. This divergence from the often-frantic social sentiment is telling. While the crowd chases the next shiny narrative, the weekly chart suggests smart money might be building a position here, betting on a momentum shift that catches the broader market off guard.

A Provocative Close

If the pattern holds, Shiba Inu could be setting up for a rally that reminds everyone why technicals still matter in a space dominated by hype. Of course, in crypto, even the prettiest chart can be undone by a single tweet from a billionaire or a sudden regulatory whisper—proving once again that sometimes, the most reliable analysis is knowing when to ignore the fundamentals altogether.

Despite an underwhelming 2025, a strong start to the year, accompanied by positive chart development, puts shiba inu in a bullish position. Shiba Inu retraced 67% last year, a move that negated the historically bullish price action seen in the Bitcoin post-halving year.

Visit Website