Shiba Inu may be approaching a significant technical turning point after breaking above a long-term descending trendline that has pressured $SHIB since 2024.
According to crypto analyst CryptoNuclear, Shiba Inu traded beneath the descending trendline after reaching a multi-month high of $0.00003343 in December 2024. Since then, $SHIB has formed a series of lower highs and lower lows, reinforcing its broader bearish structure.
However, recent price action has changed that setup. CryptoNuclear noted that $SHIB has now broken above the descending trendline on the 5-day chart, marking an important technical development.
The analyst said a sustained breakout could signal a transition from the long-term bearish trend into an accumulation and recovery phase. However, $SHIB must hold above the broken trendline to confirm the reversal.
$SHIB Path to $0.000014
If the breakout holds, CryptoNuclear identified $0.00000660 as the first major resistance level. A decisive break above that level could strengthen the bullish structure and open the way toward $0.00000930 and $0.00001150.
Meanwhile, the analyst’s highest marked target stands at $0.000014. From $SHIB’s price of around $0.00000546, reaching that level would require a 156% upsurge.
Notably, Shiba Inu last traded above $0.00001 in early January 2026, making a return to that level an important milestone for the token.
What Could Confirm the Breakout?
Despite the bullish breakout, CryptoNuclear highlighted a potential retest of the broken descending trendline as one of the most important developments to watch.
The classic bullish sequence would involve a breakout, followed by a retest, a successful hold, and then continuation. If $SHIB pulls back toward the former trendline and buyers defend the area, the old resistance could turn into new dynamic support.
Such a reaction would provide stronger confirmation that Shiba Inu has genuinely shifted from its long-term bearish structure, according to CryptoNuclear.
Conversely, an immediate rejection back below the trendline could undermine the bullish setup. CryptoNuclear identified $0.00000500–$0.00000520 as immediate support, while $0.00000405 remains the critical structural level. A decisive break below $0.00000405 could invalidate the reversal thesis and revive the broader bearish trend.
CoinJar Sees Potential Accumulation Phase
The technical outlook also aligns with a recent analysis from CoinJar exchange. Over the weekend, CoinJar analysts noted that Shiba Inu was trading near the lower boundary of a long-term range, with the prolonged consolidation potentially signaling an accumulation phase.
However, CoinJar stressed that stronger buying volume and price confirmation are still needed before traders can establish a sustained breakout.
If $SHIB reclaims and holds the range-low support at $0.00000548, increased buying participation could propel the token toward the range’s upper boundary and resistance near $0.00000904. Conversely, failure to regain that support could keep $SHIB in consolidation and expose it to further weakness.
Current $SHIB Price Action and Burn Activity
At press time, Shiba Inu was trading near the key support at $0.000005423, down 1.96% over the past 24 hours as the broader cryptocurrency market weakened.
Meanwhile, $SHIB’s burn activity has provided a notable boost to its deflationary efforts. More than 39 million tokens were permanently removed from circulation over the past 24 hours, with 40.09 million $SHIB burned across 12 transactions.
As a result, the daily burn rate surged by 1,122%. The largest transaction accounted for 36.33 million $SHIB. Despite the increased burn activity, Shiba Inu still has a massive circulating supply of approximately 589.15 trillion tokens, meaning sustained demand and stronger market participation remain crucial to any long-term recovery.
