Technical analysis of Shiba Inu’s recent price movement on the daily candlestick chart reveals that the token is currently retesting a major strong buy zone within a broad descending structure that has shaped its trend since May 2025.
Shiba Inu has been locked in a tight consolidation range over the past several months, defined by a horizontal support region at the bottom and a slanting resistance trendline connecting a sequence of lower highs. The upper resistance is now situated between $0.0000135 and $0.000014.
However, as it stands, Shiba Inu may still solidify its strong buy zone between $0.0000108 and $0.0000120 in order to collect liquidity that’s needed for a breakout momentum. Each test of this area since May has led to some sort of buying pressure that has prevented further declines.
However, the area around $0.0000176 to $0.0000190 also coincides with a broader trend reversal zone, where Shiba Inu might experience selling pressure from previous order blocks. A rejection here could cause another pullback that will keep the meme coin within its long-term consolidation.
On the other hand, if the price manages to pierce through $0.0000190 and establish support above it, the SHIB could finally escape the confines of its descending structure and set the stage for a sustained bullish move above $0.00002 again.
