Is Shiba Inu (SHIB) About to Break Its Months-Long Downtrend? The Chart Shows What’s Next

Shiba Inu is doing that thing again where it quietly grinds higher while nobody’s watching. World Of Charts just pointed out that SHIB is retesting a key level, and he’s expecting a move toward the descending trendline. 

The SHIB price has been in this slow, grinding downtrend since the 2024 highs, and every time it tries to bounce, it hits that descending trendline and rolls over. But this time feels a little different.

What the SHIB Chart Is Showing

We took a look at the 2-day chart, and the structure is pretty clear. The SHIB price is currently sitting around $0.00000599, up about 4.9% on this candle. It’s been bouncing from the lows near $0.00000420 and working its way higher, and now it’s retesting an area that’s been a pivot point in the past.

The descending trendline is the main event here. It’s been connecting the lower highs since the peak, and every time SHIB gets close, it gets rejected. World Of Charts is watching to see if this time is different. He’s expecting a move toward that trendline, which means we could see SHIB grind higher from here.

The chart shows the SHIB price has been forming a series of higher lows since the February bottom. That’s important because it means the downtrend might be losing steam. When you start seeing higher lows, it usually means sellers are getting exhausted and buyers are slowly stepping in.

What Retesting Means and The Levels That Matter

When an analyst says SHIB is “retesting,” it means the price is coming back to a level that’s been significant in the past. Sometimes it’s support. Sometimes it’s resistance. In this case, SHIB is retesting the area that previously acted as a launching pad for moves higher.

World Of Charts isn’t calling a moonshot here. What he’s saying is the next logical move is toward that descending trendline. That move would take SHIB from where it is now up to somewhere in the $0.000007 to $0.000008 range. That’s a 20%-30% move, which is actually pretty solid for a coin that’s been stuck in consolidation forever.

The level to watch is $0.00000550. If SHIB can hold above that, the path stays open. First stop is around $0.00000650, and then you’ve got the trendline itself, probably sitting somewhere in that $0.000007 to $0.000008 zone. Pretty simple roadmap. Now it’s just about whether SHIB can actually follow it.

On the downside, if SHIB loses $0.00000500, the setup changes. That would mean the higher lows pattern is broken, and we could be looking at a retest of the lows near $0.00000420. That’s not the expected move, but it’s the invalidation level to watch.

Read Also: ChatGPT Predicts the Price of XRP and Pi Coin By the End of 2026

What Comes Next for SHIB

SHIB is bouncing off support, making higher lows, and slowly working its way toward resistance. World Of Charts sees this as a retest, and he’s expecting a move toward the descending trendline.

That doesn’t mean it’s going to happen overnight. These things take time. But the structure is there. The pattern is clear. And if SHIB can finally break that descending trendline, that’s when things could get really interesting. 

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The post Is Shiba Inu (SHIB) About to Break Its Months-Long Downtrend? The Chart Shows What’s Next appeared first on CaptainAltcoin.