TradingView analyst BITfinity highlights a potential breakout for Shiba Inu as it approaches the apex of a multi-year symmetrical triangle.

Notably, Shiba Inu has traded within a narrow range between $0.000012 and $0.000013 over the past week. While there was brief intraday volatility, the broader trend has been downward.

A notable dip on May 6 marked a short-term low, followed by a modest bounce on May 7. However, this movement failed to reverse the prevailing bearish sentiment.