Shiba Inu (CRYPTO: SHIB) has been quietly building momentum, closing three consecutive weeks in the green despite not receiving the same attention as other meme coins like Dogecoin (CRYPTO: DOGE).
This positioning has caught the attention of several crypto analysts who believe SHIB could be on the verge of a much larger move.
What Happened: Shiba Inu is currently trading at around $0.00001381 and has yet to close above the symmetrical triangle pattern’s upper boundary, which is currently at around $0.00023.
If SHIB breaks above the triangle, some predict a potential 17X surge toward the $0.00023 price level. Other analysts have set targets of $0.000139 (an 894% rally) or $0.000220 (a 1,479% increase).
On the weekly chart, SHIB has formed what appears to be a double-bottom pattern with a neckline at $0.00
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