As leading cryptocurrencies like Shiba Inu gain momentum amidst the growing enthusiasm for meme coins, cryptocurrency analyst and trader YG Crypto has offered insights on SHIB's price movements, predicting a potential Triangle breakout for the asset.

### Anticipated Triangle Breakout for Shiba Inu

A Triangle pattern is identified by drawing trendlines that represent a pause in the current trend within a converging price range, resembling a triangle.

Technical analysts categorize these patterns as either reversals or continuations of an established trend. Despite being a continuation pattern, traders are advised to wait for breakouts before making any moves.

According to YG Crypto, SHIB is poised for a significant price shift, with minimal resistance levels ahead. This aligns with the market's optimistic outlook on SHIB's potential for a substantial move soon.

### Shiba Inu’s Potential Triangle Breakout

YG Crypto's analysis highlights that Shiba Inu briefly dropped below support, triggering several stop-loss orders. However, the price has since rebounded, indicating strong upward momentum and suggesting an imminent triangle breakout.

The post states:

"Shiba Inu (SHIB) experienced a temporary dip below support, activating some stop-loss orders. But now, bulls are rallying back. The price is moving strongly upward, hinting at a possible triangle breakout."

YG Crypto identified resistance levels between $0.00002810 and $0.00002880, suggesting that a decisive break above this range could lead to a significant price increase in the near future.

### SHIB's Large Transaction Activity Increases

YG Crypto's optimistic forecast coincides with a notable increase in SHIB's price on Thursday, driven by growing interest from whales. However, today SHIB experienced a sharp decline from $0.00002615 to $0.00002502.

Santiment, a market intelligence platform, reported a surge in transactions involving Shiba Inu this week. Data shows that the number of SHIB transactions over $100,000 has more than doubled this week, indicating significant accumulation by SHIB enthusiasts.

As of now, Shiba Inu is trading at $0.00002512, reflecting a 1.93% decline in the past day, with its market cap and trading volume also down by 1.93% and 32%, respectively, in the last 24 hours.