{"id":19613,"date":"2025-03-28T18:02:48","date_gmt":"2025-03-28T18:02:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19613"},"modified":"2025-03-28T18:02:48","modified_gmt":"2025-03-28T18:02:48","slug":"shiba-inu-price-set-to-repeat-history-falling-wedge-pattern-shows-a-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19613","title":{"rendered":"Shiba Inu Price Set To Repeat History? Falling Wedge Pattern Shows A Rally"},"content":{"rendered":"
\n

A new technical analysis on TradingView suggests that Shiba Inu\u2019s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu\u2019s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and November 2024, patterns that preceded a significant rally.<\/p>\n

The analysis outlines a clear path that could lead to a notable price surge<\/a> towards $0.00003 if these price patterns continue to play out.<\/p>\n

Pattern Analysis Suggests Shiba Inu May Be Ready For A Big Upside Move<\/h2>\n

The entire analysis is grounded <\/a>on the idea that crypto markets are cyclical and<\/a> exhibit recurring behaviors, crowd psychology, and recognizable chart patterns. Notably, this analysis uses four distinct pattern stages that played out on the Shiba Inu daily candlestick timeframe chart.<\/p>\n

The TradingView analyst began by highlighting the completion of a falling wedge pattern in SHIB\u2019s price chart, which is a classic bullish reversal setup. The analyst noted that this same structure played out from March 2024 to September 2024, acting as a precursor to a breakout in the weeks that followed.\u00a0<\/p>\n

\"Shiba<\/p>\n

As of now, Shiba Inu seems to have moved past that initial wedge stage, making way for the second stage, which has been identified as a cup-and-handle pattern. This pattern, which was observed and confirmed recently, also mirrors the meme coin\u2019s formation back in August 2024, when a brief consolidation phase eventually gave way to an upward move.<\/p>\n

The analyst believes that the chart has now entered what they describe as \u201cStage 3,\u201d a phase where a W-shaped formation may emerge. Historically, this pattern aligned with a powerful uptrend in September 2024 when SHIB experienced a multi-week rally.<\/p>\n

Breakout Could Be Coming Next<\/h2>\n

Although pattern repetition isn\u2019t guaranteed, the analyst\u2019s comparison of current and past formations presents an interesting narrative that bullish traders<\/a> will be interested in. If the final stage plays out as the analyst expects, Shiba Inu could soon form an inverted head-and-shoulders pattern, which is one of the strongest bullish reversal signals in technical analysis. This pattern was last spotted as stage 4 just before a rally that brought the Shiba Inu price above $0.00003 <\/a>in December 2024.<\/p>\n

Based on this four-stage progression, the trader is projecting a 91% rally from here, which could lift SHIB to $0.0000335. At the time of writing, SHIB is trading at $0.00001340, meaning the token is still in the early phase of this anticipated pattern sequence.<\/p>\n

However, Shiba Inu\u2019s short-term performance has recently shown weakness. Over the past 24 hours, the token has slipped by 7.3%, losing ground after a brief push above the 100-day moving average it had only recently reclaimed a week ago<\/a>. This dip now sees Shiba Inu retesting that same moving average, which could either act as a springboard for the next upward move or become broken.<\/p>\n

\"Shiba<\/div>\n","protected":false},"excerpt":{"rendered":"

A new technical analysis on TradingView suggests that Shiba Inu\u2019s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu\u2019s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19613","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19613"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19613\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}