Shiba Inu (SHIB) formed an inverted head-and-shoulders pattern on the daily chart, completing the breakout-and-retest sequence.
The successful retest of the neckline zone between $0.00001400 and $0.00001470 validated it as a fresh support zone.
Upside price targets for SHIB include $0.00001865 and $0.00002799, with key resistance levels at $0.00003217 and $0.00003811.
Failure to defend the neckline shelf near $0.00001430 could shift short-term risk lower towards $0.00001399 and ultimately to the cycle floor at $0.00001030.