CryptoComes Original Article
Shiba Inu might see volatility surge as price reaches tip of local pattern
Social $SHIB extremely close to exiting the symmetrical triangle, but at the same time, volatility might stay neutral
Shiba Inu has hit a point of no return, and the downtrend risks of slipping into far deeper losses are more than real. The $0.000012 price zone is working just fine, acting as both a resistance and support zone throughout 2024-2025, but it will not always save the price from a catastrophe. Without a strong bounce at around the current level, we are more likely to see a "zero addition" event.
SHIB reaches triangle's end
Shiba Inu is actively consolidating within a symmetrical triangle, which is one of the best volatility-boosting tools that can change the market structure in a matter of days. The range in which price is moving indicates that price pressure is building, and when the breakout gets closer, the price is more likely to explode in either direction. However, the general sentiment is not that great, considering that price is below all moving averages and in the range for a free fall.
That said, there are some signs of life. Volume, which had been stagnant for weeks, is beginning to pick up, suggesting active positioning among whales, but it is not enough.
If we bounce from current levels, confirmation above the triangle's upper resistance is still needed. Much more volume is needed to gain a foothold above the resistance of the triangle. In order to break $0.000013 or reach $0.000014, tens of millions in buying volume is needed to breathe life back into SHIB.
Negative scenario
On the other hand, failure to hold $0.000012 would be disastrous for SHIB. Breaking down from this zone would invalidate the symmetrical triangle, which is going to open a door into the void, potentially creating conditions for adding a zero to the price.
Right now, the chart is accumulating power to make a big move – a volatility boost is expected, but at the same time, if volume keeps moving in the direction we are seeing right now, time is more likely to bring nothing but anemic movement. With the lack of volume and movement here, SHIB will keep moving sideways, waiting for a multi-million push from either direction.
