🐶 $SHIB CREATE DOUBLE BOTTOM: IS THE NEW RISE OPPORTUNITY HERE? 🚀
Good news for Shib Army! According to U.Today's analysis, the price chart of Shiba Inu ($SHIB) is showing a very optimistic signal with the formation of the Double Bottom pattern!
📊 Meaning of Double Bottom Pattern
Recovery Signal: The Double Bottom pattern (often represented by the letter "W") is one of the strongest bullish reversal patterns in technical analysis.
Support Confirmation: The formation of the second bottom at a price level equivalent to the first bottom indicates that sellers have exhausted themselves and that support level is extremely solid.
Attracting Buyers: This pattern attracts the attention of professional traders, signaling that it is the right time to start accumulating.
💡 Necessary Conditions for SHIB Growth
For this pattern to be fully confirmed and trigger a strong upward momentum, SHIB needs to:
Break the Neckline: The price needs to break and close above the resistance level between the two bottoms (neckline).
Shibarium Push: The development and growth of the Shibarium ecosystem will continue to be the fundamental factor driving the long-term value of the token.
👉 In summary: SHIB is facing a great opportunity to reverse the downtrend. If the Double Bottom pattern is confirmed, we may see a strong bounce coming soon!
#ShibaInu #SHIB #ShibArmy #DoubleBottom #bullish
