Shiba Inu Price Reversal Signaled by Inverse Head-and-Shoulders Pattern

Shiba Inu's price action has been showing signs of improvement in recent weeks, despite the crypto market's sustained weakness. Technical analysts are now identifying an inverse head-and-shoulders pattern on the 4-hour chart, which could signal a potential bullish reversal.

The neckline breakout is seen as crucial for confirming this reversal, with prices potentially pushing towards $0.0000085 if resistance is broken. However, bears still control broader market momentum, and a decline below key support levels could push SHIB to lower levels.