- Shiba Inu breaks key trendline, invalidating 2026 bullish setup
- Sellers regain control as SHIB loses critical support
- Absence of nearby support raises downside volatility risk
Shiba Inu has returned to technical weakness after breaking below a key ascending trendline that supported price action earlier this year. The move invalidates the last notable bullish structure that had formed in 2026. As a result, short-term recovery expectations have faded, and sellers have regained visible control.
For several weeks, SHIB attempted to establish higher lows while trading above the rising support line. Each bounce from that level generated modest rebounds and briefly encouraged hopes of stabilization. Moreover, repeated defenses of the trendline suggested that buyers were attempting to restore equilibrium after a prolonged decline. However, the latest breakdown has removed that foundation and shifted the structure back toward sustained downward pressure.
Price behavior now reinforces that shift. SHIB continues to trade beneath declining moving averages, which act as layered resistance overhead. Additionally, volume patterns indicate that recovery attempts face selling pressure rather than steady accumulation. Consequently, momentum remains skewed to the downside as rallies struggle to extend beyond short-term levels.
Also Read: Analyst: More Boring Months Expected Ahead for XRP Before Price Eventually Shoots to These Levels
Source: Tradingview
Breakdown Leaves Price Without Clear Nearby Support
Another critical concern lies in the absence of strong nearby support zones. Earlier reaction levels have already been tested or invalidated during previous declines. Therefore, the asset now trades in relatively open territory with fewer historical reference points for potential buying interest. This setup increases the risk of sharper volatility if selling accelerates.
Without the ascending trendline as a technical anchor, the chart lacks a clear structure that supports an immediate rebound. Hence, market participants may look for consolidation before reassessing directional bias. Until SHIB reclaims former resistance areas and establishes a new base, the broader trend continues to reflect weakness.
Recent performance also aligns with the broader downtrend seen across several digital assets. While isolated rebounds may occur, resistance levels remain firmly positioned above current prices. Besides, consistently lower highs reinforce the prevailing bearish structure.
Shiba Inu now trades in a renewed uncertain phase after invalidating its most recent bullish setup from 2026. The breakdown confirms that sellers remain in control and that the path of least resistance currently points lower.
Also Read: Breaking: SBI Ripple Asia and DSRV Labs Announce Major XRP Network Research: Details
