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Shiba Inu (SHIB) Faces Potential 26% Price Move Following Trendline Break, Analyst Says
Crypto trader 'SHIB Knight' notes that Shiba Inu's three-hour chart is compressing above a key support level. A breakout above the descending trendline could open the door for a 26% move, targeting $0.00000720 to $0.00000730. SHIB was up 3.17% in the last 24 hours to $0.00000589. This comes as Glassnode and CryptoQuant data indicate spot traders are increasingly turning to altcoins, with total spot volume for altcoins nearly four times that of Bitcoin, the highest since September 2025.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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