Shiba Inu breaks out of a falling wedge pattern with a 3% gain amidst a crypto market recovery.
The breakout could potentially push Shiba Inu towards the $0.000015 mark, supported by on-chain data and Fibonacci targets indicating a 20% upside.
Technical indicators like the MACD signal a positive sentiment shift, although the risk of a 'death cross' event remains if bearish momentum increases.
On-chain data suggests a strong potential for a continued bullish trend as Shiba Inu faces supply zones and increased buying pressure.