Shiba Inu Price Pattern ($SHIB ) Has Just Been InvalidatedWith the recovery momentum around the $0.000017 level lost, the current Shiba Inu price pattern has been invalidated. It appears that the symmetrical triangle that once suggested a breakout is now weaker. The bullish momentum needed to move the asset past this important resistance level was not capitalized on.

While SHIB was struggling to hold its position, the narrowing range of the symmetrical triangle suggested a potential spike in volatility. The token’s failure to sustain a rally is partly due to the lack of strong buying pressure.

However, there is a bright spot in the technical picture. The asset may have another opportunity to rally even though the breakout momentum has not materialized, as the price is still above the upper line of the symmetrical triangle. The asset may attempt a more significant upward move if SHIB manages to gather enough volume and break the $0.000017 resistance level. $PEPE $WIF