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Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes

  • Shiba Inu (SHIB) has surged 4% in the past 12 hours, aiming to break above $0.000017 amid a descending triangle pattern formation.
  • The cryptocurrency is consolidating near $0.000015, hinting at a potential breakout rally towards the $0.000017 resistance zone.
  • Technical analysis indicates a bullish outlook as MACD and RSI support upward movement, with a possibility of breaking above the $0.000017 resistance.
  • Derivatives market sentiment favors an upside potential for SHIB, with increasing open interest and a rise in funding rate towards bullish territory.

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