Shiba Inu Formed This Pattern, Breakout Incoming?

The Shiba Inu price has moved south on its chart over the last 24 hours. In the same time frame, SHIB depreciated by 3%. In the past week, the meme coin also did not register gains, losing a few support lines after losing close to 6% of its market value.
SHIB has now formed a pattern that indicates that the coin might witness a breakout to the upside in the coming 24 hours. The technical outlook still displays bearish signs on the daily chart. Sellers have remained in control of the price for mo