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.
