<ul><li>Shiba Inu is displaying compression within a descending triangle formation, signaling a potential 17% breakout. The direction of the breakout remains uncertain as descending triangles typically continue bearish trends, but can also break upward.</li><li>Currently priced at $0.0000143, Shiba Inu is holding near a demand zone ranging from $0.0000139 to $0.0000144. Previous rebounds from this range suggest buyer control, with the possibility of setting up for another rally.</li><li>EMA signals show Shiba Inu trading below the 50-period EMA at $0.000014266 but near the 200-period EMA at $0.000014561. The RSI at 46.92 indicates a neutral stance, potentially signifying accumulation before a potential price rise of 10-20% towards $0.0000159.</li><li>Market analysts anticipate a breakout scenario for Shiba Inu's price as it hovers within a descending triangle setup, with potential targets set at $0.0000159, indicating an 11% upside potential from the current price level.</li></ul>

Shiba Inu Forms Tight Triangle, Market Awaits Potential 17% Swing

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