Shiba Inu (SHIB), one of the most closely watched meme coins in the crypto market, has entered a phase of tight price consolidation, according to on-chain and chart analyst Ali, who shared his insights on social media platform X. Ali highlights that SHIB’s price action has been narrowing within a well-defined triangle formation, a classic technical setup that often precedes a significant breakout. Based on the current structure, Ali anticipates a potential 17% price movement once SHIB breaks free from this pattern. Triangle Consolidation Signals Incoming Volatility The triangle formation Ali refers to is a symmetrical triangle characterized by converging trendlines that squeeze prices into a tightening range. This type of pattern usually reflects a balance between buyers and sellers, with neither side gaining a decisive edge—until a breakout eventually disrupts the equilibrium. #ShibaInu $SHIB consolidates within a triangle, awaiting a 17% price move! pic.twitter.com/jdjMzVxtme — Ali (@ali_charts) May 28, 2025 Over the past several weeks, SHIB has been moving within this symmetrical triangle, compressing toward its apex. Historical price behavior and technical analysis suggest that such setups often resolve in sharp directional moves, as pent-up market pressure is unleashed. While symmetrical triangles can break either up or down, the context of SHIB’s recent price action leans toward an optimistic scenario, especially if broader market sentiment remains supportive. Ali’s analysis pinpoints a 17% potential price shift once SHIB breaks out of this consolidation phase. This projection is based on measuring the triangle’s height and applying it to the expected breakout direction. If SHIB breaks upward, the token could reclaim higher resistance zones, while a downward move would likely test critical support levels. SHIB’s Recent Performance and Market Context At the time of writing, SHIB is trading slightly lower, reflecting the broader crypto market’s cautious mood. Despite this, the meme coin remains resilient, with its large and dedicated community, dubbed the “SHIB Army,” continuing to drive engagement and awareness across social platforms. Beyond technical setups, SHIB’s performance is also influenced by key ecosystem developments. Recent updates within the Shiba Inu ecosystem, including the ongoing expansion of Shibarium, the project’s Layer 2 blockchain, and increased burn mechanisms aimed at reducing the circulating supply, have kept sentiment elevated. These fundamentals provide a backdrop of optimism that could support a bullish breakout once technical conditions align. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What Comes Next for SHIB? While Ali’s projection offers a clear technical price target, traders and investors should remember that no pattern guarantees a particular outcome. Market catalysts, such as broader Bitcoin and Ethereum moves, macroeconomic shifts, or shifts in risk appetite, can all influence SHIB’s direction. Nevertheless, the symmetrical triangle serves as a reliable guidepost for anticipating volatility. Should SHIB break above the upper trendline with strong volume confirmation, the meme coin could be poised for a swift rally that aligns with the 17% upside Ali envisions. Conversely, a break below support would likely trigger a defensive phase, where the SHIB community watches closely to defend key lower levels. Shiba Inu’s current technical picture , as outlined by analyst Ali, paints a compelling narrative of a market in waiting. The consolidation phase within the symmetrical triangle suggests that SHIB is building pressure for its next significant move, with a 17% price swing on the horizon. As always, traders should approach the coming days with a combination of technical insight, market awareness, and risk management, recognizing that while patterns can offer valuable clues, the crypto market’s inherent volatility demands careful navigation. For now, all eyes remain on SHIB’s triangle boundaries — and the potential breakout that could soon redefine its short-term trajectory. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Consolidates Within a Triangle: Analyst Predicts Breakout with Price Target appeared first on Times Tabloid .
