SHIB is retesting its descending triangle breakout as potential support. The technical setup looks promising for another leg up.
SHIB Price Action Shows Classic Retest Pattern
SHIB currently sits at $0.00001316, down 2.33% from recent highs. This pullback to test former resistance as new support could set up the next major rally if it holds.
SHIB Technical Structure Stays Intact
The descending triangle that capped SHIB's price action since early 2025 finally gave way on the upside. That breakout pushed SHIB above its long-term downtrend line, hitting around $0.00001550 before the current pullback began.
Right now, price is back at the breakout area between $0.00001270–$0.00001300. Traders are eyeing this zone closely — if it acts as support, it confirms the pattern and could bring in fresh buying pressure.
According to the original post, "This retest is exactly what we wanted to see… $SHIB holders are about to get REWARDED big time." The chart suggests a potential move toward $0.00002200 if support holds and momentum picks up again.
SHIBA INU (SHIB) Price Tests Key Breakout Level — Big Move Coming?
SHIB is retesting its descending triangle breakout as potential support. The technical setup looks promising for another leg up.
SHIB Price Action Shows Classic Retest Pattern
SHIB currently sits at $0.00001316, down 2.33% from recent highs. This pullback to test former resistance as new support could set up the next major rally if it holds.
SHIB Technical Structure Stays Intact
The descending triangle that capped SHIB's price action since early 2025 finally gave way on the upside. That breakout pushed SHIB above its long-term downtrend line, hitting around $0.00001550 before the current pullback began.
Right now, price is back at the breakout area between $0.00001270–$0.00001300. Traders are eyeing this zone closely — if it acts as support, it confirms the pattern and could bring in fresh buying pressure.
According to the original post, "This retest is exactly what we wanted to see… $SHIB holders are about to get REWARDED big time." The chart suggests a potential move toward $0.00002200 if support holds and momentum picks up again.