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Shiba Inu price stabilizes after breakout, signaling potential trend reversal and gains up to 32%.

Technical Signals
22 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) is stabilizing after breaking out of a multi-year descending triangle, currently trading around $0.00000621 with a 3% gain in 24 hours. The token is retesting its breakout zone between $0.0000058 and $0.0000060, a critical phase that could confirm a trend reversal if support holds. Momentum indicators like MACD turning positive and increased on-chain activity, including a 544% surge in token burns, support bullish prospects. Analysts anticipate potential gains of 26% to 32% if SHIB sustains above the retest zone, with higher resistance targets up to $0.00001261 if momentum continues.

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