Investment
Features
FeesSafety
Academy
More
Pluang+

Shiba Inu tests key support with potential 25% rally if it breaks descending trendline

Technical Signals
29 Sep 2026
Tokenpost
View Source
Bullish
Shiba Inu tests key support with potential 25% rally if it breaks descending trendline

Shiba Inu (SHIB) is currently testing a narrowing pattern on its three-hour chart that could lead to a 25%-27% price increase to around $0.00000720-$0.00000730 if it holds support and breaks above a descending trendline. This setup is conditional, requiring SHIB to stay above a support level near $0.00000575 before challenging the trendline. A failure to hold support would weaken the potential upside. The pattern emerges amid stronger altcoin performance relative to Bitcoin, though leverage growth remains limited. Until SHIB breaks the trendline, the price target remains a technical scenario rather than a confirmed move.

Shiba Inu (SHIB) is trading at Rp0.105 on Pluang with a notable 1-day gain of 4.72% as of Sep 29, 2026 21:53 WIB. The token's market cap stands at Rp61.8 trillion, supported by a 24-hour trading volume of Rp1.77 trillion and a circulating supply of 589.2 trillion SHIB. This current momentum aligns with the article's focus on a potential price move if SHIB breaks its descending trendline.

More News (SHIB)

Shiba Inu nears breakout with potential 26% price surge if key trendline is breached.

Shiba Inu nears breakout with potential 26% price surge if key trendline is breached.

Shiba Inu (SHIB) is at a critical technical point where a breakout above a descending trendline could trigger a 26% price increase to around $0.00000720-$0.00000730. The price is currently compressed above a key support level, suggesting volatility m...

Technical Signals
Bullish
7 hours ago
SHIB's token burn rate drops 91%, raising questions on its price momentum recovery.

SHIB's token burn rate drops 91%, raising questions on its price momentum recovery.

Shiba Inu (SHIB) saw its daily token burn rate fall sharply by 91.31% on September 28, with about 338,050 tokens removed compared to nearly 3.9 million previously. This decline coincided with SHIB pulling back from resistance near $0.0000060-$0.00000...

Technical Signals
Neutral
11 hours ago
Shiba Inu gains 1,235 new holders in a day, nearing 1.7 million amid bullish 'Uptober' season.

Shiba Inu gains 1,235 new holders in a day, nearing 1.7 million amid bullish 'Uptober' season.

Shiba Inu (SHIB) added 1,235 new holders on Ethereum in one day, bringing the total close to 1.7 million. This growth comes ahead of October, historically a strong month for SHIB with past gains up to 833%. Despite the rise in holders, SHIB's price d...

Market News
Bullish
1 day ago
Shiba Inu price drops 6% amid minor token burn and ongoing Shibarium reorg issues

Shiba Inu price drops 6% amid minor token burn and ongoing Shibarium reorg issues

On September 28, 2026, Shiba Inu (SHIB) price fell 6% to $0.0000056 despite burning nearly 477 million tokens in 30 days, which is only 0.000081% of the total supply and too small to impact price. The Shibarium layer 2 blockchain is still undergoing ...

Market News
Neutral
1 day ago
1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

Shiba Inu (SHIB) saw 1 billion tokens burned in 24 hours, but rising inflows to exchanges suggest increased selling pressure. Despite some outflows, the net flow remains negative, indicating more tokens are being deposited than withdrawn. SHIB's pric...

Technical Signals
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App