SHIB Approaches Critical Breakout Point After Prolonged Quiet Phase

After weeks of quiet trading, Shiba Inu (SHIB) may be approaching a major breakout, according to a fresh analysis from CryptoELlTES on X.

The analyst pointed to a large multi-year symmetrical triangle pattern forming on the charts, suggesting the potential for a dramatic move if the pattern resolves upward.

Since hitting its all-time high in October 2021, Shiba Inu has been consolidating between declining resistance and steady support levels, creating a tightening range. Recently, SHIB bounced again off the lower trendline, maintaining the bullish structure.

Why Not a 17 X for SHIB? 🐕

We’re sitting in a strong buy zone, and a big move is coming soon!

Are you ready? 👀#SHIB $SHIB #Shiba $Shiba pic.twitter.com/9ohagxOc0c

— @CryptoELlTES (@CryptooELITES) April 25, 2025

CryptoELlTES believes a breakout above the upper boundary could trigger a surge up to $0.00023 — implying a possible 17X move from current levels.

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Adding to the bullish case, SHIB’s recent price action hints at building momentum. Despite a minor 5.5% dip over the past day, Shiba Inu remains up about 11.5% for April, raising the possibility of its first positive monthly close after five straight months of losses.

Some technical signs also suggest a smaller cup formation within the triangle, which could strengthen the breakout scenario.

At the time of writing, SHIB trades around $0.00001381, with a market cap hovering near $8.14 billion. Whether the broader crypto market can supply the momentum needed for a breakout remains to be seen — but SHIB’s long-term chart setup is catching attention.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.