Shiba Inu's price has been consolidating within a symmetrical triangle pattern, which often precedes a breakout. This consolidation follows a 67% price surge from September 18 to September 27, characterized by lower highs and lower lows.
The historical pattern suggests that the price might break out in the direction of the prior trend, indicating a potential 108% gain for SHIB if a breakout occurs.
The activity from $66 million worth of whale transactions supports the potential for a significant price increase, adding further anticipation to the market.
