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Shiba Inu breaks 5-year downtrend, hinting at a new recovery and potential rally phase.

Technical Signals
27 Aug 2026, 19:38 WIB
Zycrypto
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Bullish
Shiba Inu breaks 5-year downtrend, hinting at a new recovery and potential rally phase.

Shiba Inu (SHIB) has broken above a descending trendline that held it down for five years, signaling a possible end to its prolonged decline and consolidation. Analyst Sheriff suggests this breakout marks the start of a recovery phase that could lead to a strong upward rally, dubbed the "rocket phase." Despite a recent price pullback, SHIB's market structure supports optimism for further gains. The token, once a meme coin, has expanded its ecosystem but remains far below its 2021 peak, driven mainly by retail sentiment.

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