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SHIB market analysis: If the bullish breakout of the triangle pattern is completed, it is expected to pump by 62%.
Gate News bot news, Shiba Inu (SHIB) has fallen 18% in the past month, with a trading price of $0.0000119 as of June 17, down 2% in the last 24 hours, and a daily volume of $156 million.
The daily timeframe chart shows that after forming a symmetrical triangle pattern, the SHIB price may experience a rebound, with a bullish breakout potentially bringing a 62% increase. Meanwhile, SHIB holders have sold off 211 million tokens, suggesting a possible capitulation in the short term.
Source: CoinGape