Shiba Inu is quietly coiling up on the charts, and according to analysts, a significant price move may be just around the corner.
Chart analyst Ali reports that SHIB is consolidating within a descending triangle pattern—typically a setup that precedes a breakout in upward direction. Based on this technical formation, a 17% price movement could be imminent.
While this chart setup has caught the attention of traders, it’s not just technical signals driving interest. Prominent community figure Del Crypto has described Shiba Inu as a “complex tech investment,” highlighting how perceptions of SHIB are starting to evolve.
This shift in perception is rooted in real progress. While SHIB initially gained fame as a meme coin, the team behind it has steadily worked to build real utility—transitioning the project into something much more serious and sustainable.
A cornerstone of this transition is Shibarium, Shiba Inu’s Layer-2 blockchain launched in 2023. Built on Ethereum, Shibarium powers the broader SHIB ecosystem and now supports key projects like ShibaSwap and Shiba Eternity, both of which have successfully migrated to the new chain.
With Shibarium now serving as the backbone of the Shiba Inu ecosystem, Del Crypto emphasizes that investors must go beyond surface-level metrics. To truly “win” with SHIB, he suggests diving deep into its ecosystem projects and recognizing the long-term opportunities they present.
As SHIB consolidates on the chart and expands its tech foundation, both technical traders and long-term believers are watching closely. Whether you’re following the triangle pattern or the roadmap, Shiba Inu appears to be gearing up for a decisive move.