Shiba InuSHIB, coin
DevelopingMarket movement

SHIB Squeezed in Symmetrical Triangle With Apex Near October 4, One Report Says

One report places SHIB inside a symmetrical triangle with an apex near October 4, cites a daily RSI of 52.45 and a flat MACD, and says a flush tested the lower boundary.

Why it matters

The claim is a technical price-pattern call with no second source behind it, so its significance stays limited until another outlet reports the same triangle and apex date. A single report cannot confirm where the range resolves.

Key facts

One report places SHIB inside a symmetrical triangle whose range is contracting between two converging trendlines.

Reported by Blockchain.News

The upper boundary of that triangle is drawn as a falling trendline from the September 22 and 23 highs.

Reported by Blockchain.News

The lower boundary is drawn as a rising trendline from the September 20 low.

Reported by Blockchain.News

The report estimates the triangle apex lands roughly around October 4.

Reported by Blockchain.News

The report's headline describes the drop as a 5% flush in SHIB.

5 %Reported by Blockchain.News

The daily RSI reading cited is 52.45, described as momentum near mid-range and below the accumulation threshold.

52.45Reported by Blockchain.News

The Stochastic oscillator is cited with %K at 35.79 crossing above %D at 28.63, which the report calls marginally constructive.

Reported by Blockchain.News

The MACD histogram is described as essentially flat, not expanding to the upside and not collapsing, and Bollinger Band positioning is placed in the middle of the band.

Reported by Blockchain.News

What happened

A single crypto report describes SHIB trading inside a symmetrical triangle, bounded above by a falling trendline drawn from the September 22 and 23 highs and below by a rising trendline from the September 20 low. The report puts the apex of that squeeze near October 4 and says the morning's drop was testing the lower boundary of the triangle as it formed. Its headline describes that move as a 5% flush. The indicators listed in the report show a market coiling rather than trending: a daily RSI at 52.45, an MACD histogram sitting essentially flat, a Stochastic reading with %K at 35.79 above %D at 28.63, and Bollinger Band positioning in the middle of the band. The report reads the flat momentum as buyers unwilling to commit size until a confirmation move appears. Nothing here is corroborated: only one outlet has covered the setup, so the triangle, the indicator readings and the October 4 apex date all rest on a single report.

How the story developed

  1. First report

    First report by Blockchain.News

    SHIB Price Prediction: Triangle Apex Hits October 4 — The 5% Flush Puts Bulls on Trial

    Blockchain.News

  2. Update

    Single report publishes the SHIB symmetrical triangle setup and October 4 apex date

    One crypto outlet described SHIB inside a symmetrical triangle bounded by the September 22 and 23 highs and the September 20 low, put the apex near October 4, and cited a daily RSI of 52.45 with a flat MACD histogram. No other outlet has reported the setup.

    Blockchain.News

Affected entities

Original sources

PublisherReportRolePublished
Blockchain.News
Crypto media
SHIB Price Prediction: Triangle Apex Hits October 4 — The 5% Flush Puts Bulls on TrialOriginal