Shiba Inu Eyes 100% Move if It Concludes This Structure Retest

Shiba Inu is beginning to show early signs of a structural change on the daily timeframe, following months of steady price decline.

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At the time of writing, Shiba Inu (SHIB) is trading at $0.00000621, marking a 3% increase in the past 24 hours. Meanwhile, the rebound holds more significance for the meme-themed token, as its sustenance confirms a bullish structure breakout on higher timeframes.

• Shiba Inu recently broke out of a multi-year descending triangle and is currently retesting this zone.
• The reaction here is critical, as holding the channel’s upper boundary would confirm the breakout and a shift from a downtrend to an uptrend.
• Several events support a successful retest, including positive MACD and a broader bullish market condition.
• Shiba Inu is showing positive signs around the retest area, and its sustenance opens the way for the next resistance between $0.00000785 and $0.00000821.
• A move beyond that opens the path to a larger supply zone between $0.00001038 and $0.00001261.

A recent TradingView analysis highlighted that the current price level closely aligns with a key retest zone. This region, roughly between $0.0000058 and $0.0000060, is the upper boundary of a multi-year descending channel.

A chart accompanying the analysis shows that SHIB has traded within this channel since November 2025, making lower highs and lower lows. However, recent recovery attempts saw it break above the channel’s upper boundary on April 16, following its 5.20% rise.

Subsequently, SHIB pulled back to retest the resistance breakout, as seen in its nearly 7% decline between April 18 and 19. The reaction here is critical, as holding the channel’s upper boundary would confirm the breakout and a shift from a downtrend to an uptrend.

The chart clearly shows the breakout from the descending channel, followed by a pullback that is now testing the breakout point. This type of movement often acts as confirmation if the price stabilizes above the level.

The analysis highlighted Bollinger bands, with the lower, mid, and upper bands at $0.00000572, $0.00000598, and $0.00000625, respectively. So far, SHIB is attempting to build support at the channel’s descending neckline resistance while pushing toward the upper Bollinger Band at $0.00000625.

At the same time, the analysis noted that momentum indicators are beginning to turn. The MACD has flipped positive for the first time since February, suggesting that selling pressure is easing. However, the move remains in its early stages, and confirmation depends on how the price behaves during this retest phase.

Looking at the broader market, Bitcoin has reclaimed $78,000 while Ethereum approaches $2,400. This relative stability across major crypto assets is helping support smaller tokens like SHIB as they attempt to recover.

Interestingly, Shiba Inu is showing positive signs around the retest area. Its nearly 2% rise since the start of today builds on the momentum from the last two days, where prices have steadily climbed from the former channel resistance.

If SHIB continues to move away from this area, then the retest might be nearing its conclusion. Further, this will also indicate that the retest was successful and that a bullish continuation would follow.

The chart outlines two clear resistance zones ahead, where the token would target next. The first sits between $0.00000785 and $0.00000821, representing increases of 26% and 32% from the current price.

A move beyond that opens the path to a larger supply zone between $0.00001038 and $0.00001261. From current levels, reaching this price range would imply growth of 67% and 103%, respectively.

At the same time, on-chain data further adds a layer of positivity. Burn activity has spiked by 544% in the past 24 hours, with the community burning over 23 million SHIB, highlighting their commitment to reducing supply.

The Shiba Inu open interest has also spiked 13% in the past 24 hours to $69.27 million, reflecting the growing derivative appetite for the meme coin. Notably, this is the highest OI for SHIB since April.