Analyst Says Shiba Inu (SHIB) Could Surge 40x in April Based on this Pattern

A multi-year structure is now forming on the Shiba Inu weekly chart, and the latest analysis from XRP Captain (@UniverseTwenty) places the token at a critical point within that structure.

His chart shows SHIB trading inside a large descending triangle that began after the 2021 peak. The pattern shows a clear series of lower highs pressing down on a strong horizontal support zone that the asset has respected multiple times over the past few years.

SHIB has now returned to that support area again. It opened in April at around $0.0000060 and recorded a small gain early in the month. The reaction from this level is important because each time SHIB touches this zone, buyers step in and push its price higher. The most recent movement shows SHIB starting to move up from support once again.

This move places the token near the end of the triangle structure, where price compression is strongest and where breakouts typically occur. According to XRP Captain, a breakout from here could send SHIB up by 40x before the end of this month.

Breakout Level and Price Expansion

The descending resistance line is now the most important level on the chart. SHIB has attempted to break above this line several times over the past few years but has not succeeded. Each rejection created another lower high, which completed the triangle structure. Now its price is approaching that resistance again, preparing for a massive rebound.

When an asset reaches the end of a descending triangle, the breakout move is often strong because the price has been compressing for a long period. The longer the compression lasts, the stronger the move that usually follows. The vertical projection drawn on XRP Captain’s chart shows SHIB’s price moving up aggressively after the breakout, not gradually.

If SHIB breaks above the resistance line, the move could be fast because there is limited resistance above the breakout level on the higher timeframe chart. This type of move would take SHIB out of the multi-year structure and into a new trend phase.

A Potential New All-Time High

A 40x move from the support region shown on the chart would push SHIB far beyond its previous 2021 all-time high. At the time of his analysis, the asset traded at approximately $0.000006. A 40x surge from this level would send it to $0.00024, far above its all-time high of $0.00008845.

The structure on the weekly chart supports the possibility of a large expansion move because the pattern has been forming for several years. The key development to watch now is whether SHIB breaks above the descending resistance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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