Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme.
An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout.
