Shiba Inu (SHIB) is currently exhibiting consolidation within a symmetrical triangle pattern, suggesting potential price movement as volatility tightens. Analysts predict a possible 17% breakout from this pattern, driven by increased market uncertainty. SHIB’s price action is hovering around the support level of $0.00001427 and resistance at $0.00001463. A breakout above the downtrend line could drive SHIB towards approximately $0.00001650 or below $0.00001300, depending on its trajectory. 17% price increase seems likely. The Fibonacci retracement levels offer further insights into significant technical areas for potential support and resistance. Overall, the lack of a clear market direction is reflected in neutral values displayed by RSI. While SHIB’s price action remains largely sideways due to Bitcoin’s influence on the market. However, bulls are poised to make a strong move once they break above the resistance near $0.00001463 and escape the triangle.