Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
The post Shiba Inu (SHIB): Is It Ending? appeared on BitcoinEthereumNews.com. SHIB consolidation Is Shiba Inu ready? Following several weeks of sideways trading and support tests, Shiba Inu is beginning to show signs of strength. A descending trendline spanning several months that has held the price steady since mid-summer is prominent on the daily chart. The prospect of ultimately ending the downtrend is once again present, as SHIB is now regaining momentum and moving closer to this resistance. SHIB consolidation SHIB has successfully regained its 50 EMA on the daily chart, which has historically served as a pivotal point for momentum changes and is currently trading close to $0.0000126. The successful retest of the triangle support zone at $0.0000120 sealed SHIB’s return to its consolidation structure. This action strengthens the argument that consumers are taking back control. SHIB/USDT Chart by TradingView Breaking a multi-month downtrend is not an easy task, though. Converging close to $0.0000135-$0.0000140, the descending resistance trendline looms overhead. Should this level be rejected, the bearish structure would be strengthened, and SHIB might return to its established support, which is located between $0.0000120 and $0.0000115. Is Shiba Inu ready? An intriguing layer has been added to the outlook by on-chain activity. The steadily declining exchange reserves for SHIB indicate that there is less immediate sell pressure because fewer tokens are sitting on exchanges. This suggests that some investors might be positioning themselves in advance of a possible breakout, especially when combined with slight increases in transaction activity. However, traders need to exercise caution. The 50 EMA is acting as a recalcitrant barrier, despite the triangle’s recovery signifying resilience. The rally could lose steam before it reaches the downtrend resistance, unless SHIB can break through it with volume. Technical and on-chain conditions suggest a possible breakout, and Shiba Inu is about to test a multi-month downtrend line. However, there is… The post Shiba Inu (SHIB): Is It Ending? appeared on BitcoinEthereumNews.com. SHIB consolidation Is Shiba Inu ready? Following several weeks of sideways trading and support tests, Shiba Inu is beginning to show signs of strength. A descending trendline spanning several months that has held the price steady since mid-summer is prominent on the daily chart. The prospect of ultimately ending the downtrend is once again present, as SHIB is now regaining momentum and moving closer to this resistance. SHIB consolidation SHIB has successfully regained its 50 EMA on the daily chart, which has historically served as a pivotal point for momentum changes and is currently trading close to $0.0000126. The successful retest of the triangle support zone at $0.0000120 sealed SHIB’s return to its consolidation structure. This action strengthens the argument that consumers are taking back control. SHIB/USDT Chart by TradingView Breaking a multi-month downtrend is not an easy task, though. Converging close to $0.0000135-$0.0000140, the descending resistance trendline looms overhead. Should this level be rejected, the bearish structure would be strengthened, and SHIB might return to its established support, which is located between $0.0000120 and $0.0000115. Is Shiba Inu ready? An intriguing layer has been added to the outlook by on-chain activity. The steadily declining exchange reserves for SHIB indicate that there is less immediate sell pressure because fewer tokens are sitting on exchanges. This suggests that some investors might be positioning themselves in advance of a possible breakout, especially when combined with slight increases in transaction activity. However, traders need to exercise caution. The 50 EMA is acting as a recalcitrant barrier, despite the triangle’s recovery signifying resilience. The rally could lose steam before it reaches the downtrend resistance, unless SHIB can break through it with volume. Technical and on-chain conditions suggest a possible breakout, and Shiba Inu is about to test a multi-month downtrend line. However, there is…

Shiba Inu (SHIB): Is It Ending?

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2025/10/02 20:58
2 min read
SHIB
SHIB$0.000005415-2.37%
READY
READY$0.011799-2.86%
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • SHIB consolidation
  • Is Shiba Inu ready?

Following several weeks of sideways trading and support tests, Shiba Inu is beginning to show signs of strength. A descending trendline spanning several months that has held the price steady since mid-summer is prominent on the daily chart. The prospect of ultimately ending the downtrend is once again present, as SHIB is now regaining momentum and moving closer to this resistance.

SHIB consolidation

SHIB has successfully regained its 50 EMA on the daily chart, which has historically served as a pivotal point for momentum changes and is currently trading close to $0.0000126. The successful retest of the triangle support zone at $0.0000120 sealed SHIB’s return to its consolidation structure. This action strengthens the argument that consumers are taking back control.

SHIB/USDT Chart by TradingView

Breaking a multi-month downtrend is not an easy task, though. Converging close to $0.0000135-$0.0000140, the descending resistance trendline looms overhead. Should this level be rejected, the bearish structure would be strengthened, and SHIB might return to its established support, which is located between $0.0000120 and $0.0000115.

Is Shiba Inu ready?

An intriguing layer has been added to the outlook by on-chain activity. The steadily declining exchange reserves for SHIB indicate that there is less immediate sell pressure because fewer tokens are sitting on exchanges. This suggests that some investors might be positioning themselves in advance of a possible breakout, especially when combined with slight increases in transaction activity.

However, traders need to exercise caution. The 50 EMA is acting as a recalcitrant barrier, despite the triangle’s recovery signifying resilience. The rally could lose steam before it reaches the downtrend resistance, unless SHIB can break through it with volume.

Technical and on-chain conditions suggest a possible breakout, and Shiba Inu is about to test a multi-month downtrend line. However, there is a good chance that the resistance will hold firm once more. The token will either eventually break free from its consolidation cycle or become stuck in yet another rejection, depending on whether SHIB is able to flip this level.

Source: https://u.today/shiba-inu-shib-is-it-ending

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Republican knives come out for Kristi Noem: ‘I don’t think she walks away from this’

Republican knives come out for Kristi Noem: ‘I don’t think she walks away from this’

MAGA lawmakers have started to unleash their real thoughts on ousted Homeland Security Secretary Kristi Noem, The Daily Beast reported on Friday. Rep. Nancy Mace
Share
Rawstory2026/03/07 05:57
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Kazakhstan to launch $350M national crypto reserve

Kazakhstan to launch $350M national crypto reserve

The government of Kazakhstan is ready to begin acquiring cryptocurrencies and related stocks in a few weeks’ time, the country’s monetary authority unveiled. Some
Share
Cryptopolitan2026/03/07 05:40