Shiba Inu Gains Momentum: After Breaking Its Downtrend, the Meme Coin Targets a Strong Comeback

Shiba Inu (SHIB) is back in the spotlight after a turbulent week. Following the dramatic market crash on October 10, when the token’s price plunged to $0.0000067, new signals now point to a potential bullish reversal. Analysts are closely watching whether SHIB can bounce from key support levels and aim for higher ground once again.

Shiba Inu Breaks Its Downtrend Line According to technical analyst DRAGONEAGE_FX, who shared his insights on TradingView, Shiba Inu has broken through a descending trendline on the four-hour chart — a move that could mark a shift from bearish to bullish sentiment. Before the market crash on October 10, SHIB traded above this trendline, but the sudden collapse dragged it into a strong support zone. Now, the token is attempting to reclaim that level and hold its ground.

Retest Before the Next Climb The analyst warns that SHIB may first retest the broken trendline from below before resuming its upward momentum. The chart shows a new ascending trendline forming from last week’s lows, now acting as solid support. Today’s 6% drop seems to confirm this scenario — Shiba Inu has fallen back to its support area, where bulls must step in to rebuild momentum. If they succeed, the next leg of growth could follow soon.

Ideal Entry Opportunity According to DRAGONEAGE_FX, this retracement offers a fair entry point for investors looking to position themselves before the next rally. “This pullback toward the trendline could serve as a great buying opportunity for those preparing for the next upward move,” the analyst noted.

Target Levels: Eyeing a Return to $0.00001291 If Shiba Inu holds its current support, the next major resistance zone lies around $0.00001291 — the same level from which the token crashed during the October sell-off. At the time of writing, SHIB trades around $0.00001048, meaning it would need to rise by roughly 23% to reach that target.

Market Signals: Bullish Momentum Building Other analysts also see signs of recovery if SHIB can reclaim and hold $0.00001291. According to SwallowAcademy, a breakout above the 200-day EMA ($0.00001329) could trigger a powerful bullish trend, potentially sending the meme coin to new heights. In the long run, Shiba Inu appears to be making a comeback — not just as a meme coin, but as a symbol of resilience in a volatile crypto market.

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