Shiba Inu (SHIB) Shows Consolidation Before Potential Breakout

Ethereum’s meme coin, Shiba Inu (SHIB), is currently in a tight price consolidation phase, according to on-chain and chart analyst Ali. He shared his observations on the social media platform X. Ali believes this pattern, which he describes as a classic technical setup known as a triangular formation, often precedes significant price moves. Based on Ali’s analysis, SHIB could experience a 17% price surge once it breaks free from this pattern. }