Analyst Says Shiba Inu is Filling Bullish Pattern, Targets a Surge to $0.000040
Shiba Inu could be up for a bullish outburst as an analyst says the tokens price is filling up a bullish pattern that could spur a 35% upsurge.Shiba Inu has had one hell of a week. The second-largest meme coin by market cap started the week on the back of a December 1 price upswing.However, it corrected slightly after the Sunday rejection before retesting the nine-month resistance at $0.00003300. Meanwhile, a second rejection from the supply zone has seen it drop 11.2% to the current market price.Amid a broader market correction, an analyst has pointed out that Shiba Inus chart still looks as bullish as ever. A recent analysis shows that the recent Shiba Inu price movement has seen it filling up a bullish pattern, with a breakout drawing closer.Shiba Inu Pattern Filling UpAnalyst Shib Knight drew his audiences attention to the latest Shiba Inu price chart development. In a tweet today, he stated that the meme coin is filling up a bullish price pattern, implying an imminent breakout.His commentary shows that the SHIB/USDT chart forms an ascending triangle, with the pattern getting tighter at the tip. While acknowledging that the meme coin is slowly filling the pattern, he predicted where an outbreak would take SHIB. Per Shib Knight, Shiba Inu will surge 28.92% to $0.000040.
Text source: The Crypto Basic
