$SHIB price has retreated this week as the market awaits the Federal Reserve’s interest rate decision.

 price has retreated this week as the market awaits the Federal Reserve’s interest rate decision.

The pullback may be nearing its end as the coin has formed a symmetrical triangle pattern on the daily chart. The pattern is defined by converging trendlines connecting recent highs and lows, suggesting a period of consolidation before a potential breakout.

The direction of the breakout is likely to be determined by market fundamentals. A bullish move could see SHIB rise approximately 35% to retest its May high of $0.00001760. Conversely, a break below the triangle’s support could lead to a decline toward the key April support level of $0.00001013.