Shiba Inu Eyes Breakout as Bullish Pennant Tightens

Shiba Inu (SHIB) has spent most of the year trading sideways, locked in a well-defined range. But recent price action suggests that the meme coin may be gearing up for a breakout, as a bullish pennant formation takes shape on the intraday chart.

📊 Technical Setup Points to Momentum Shift

Since early 2025, SHIB has been bouncing between strong support and resistance levels, creating a range-bound market. Now, price is compressing into a pennant structure — a classic setup that often precedes high-volatility moves.

At the heart of this formation lies the Point of Control, where trading volume is most concentrated. As the apex of the pennant nears completion, traders are watching closely for a breakout signal.

🔍 Key Signals to Watch

• Pennant Formation: Price is coiling into a tight apex, with declining volume — a typical precursor to a breakout.
• Higher Lows: SHIB continues to print higher lows, suggesting accumulation and upward pressure.
• Volume Confirmation Needed: A surge in bullish volume could validate the breakout and fuel a move toward range-high resistance.

📈 What’s Next for SHIB?

The broader structure remains unchanged — SHIB is still within its year-long range. But the intraday setup is becoming increasingly bullish. If volume picks up as price tests the apex, SHIB could rally toward the upper boundary of its range, continuing the pattern of higher lows and signaling renewed momentum.

For now, traders are watching for confirmation. Without volume, the breakout may stall. But if buyers step in, SHIB could be on the verge of a strong move.