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Shiba Inu breaks key resistance, signaling potential trend reversal toward $0.000065 target.

Technical Signals
25 Mar 2026
Coinpaper
View Source
Bullish
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Shiba Inu (SHIB) has broken above a descending trend line that capped its price for nearly two months, signaling a potential early market structure reversal. Currently trading around $0.0000617, the breakout is significant as SHIB had repeatedly failed to surpass this resistance level. However, technical indicators like the RSI and Stochastic RSI suggest short-term selling pressure and a possible brief pullback or consolidation before further gains. Key support at $0.000055 is crucial; if defended, SHIB could target $0.000065 next. On-chain data supports this bullish outlook, with net positive inflows of 800 billion SHIB tokens ($4.8 million) indicating accumulation by investors preparing for potential long positions amid global economic uncertainty.

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