Shiba Inu’s weekly chart shows renewed buying interest at critical support levels, but analysts caution that sustained momentum is needed to break the long-term downtrend.
The Shiba Inu (SHIB) market has entered a crucial consolidation phase after weeks of sideways trading. As of late October 2025, SHIB is trading around $0.00001045, showing a modest 3.7% weekly gain. However, the broader price structure indicates a prolonged descending trendline resistance, suggesting that bulls must reclaim momentum to shift market sentiment.
Shiba Inu Technical Overview
According to the weekly chart, SHIB remains confined between the support zone near $0.00000950 and resistance around $0.00001300. The grey support region has acted as a strong accumulation base since early 2024, preventing deeper declines despite broader market corrections.
“This level has consistently attracted long-term holders,” said BITX technical analyst. “If SHIB can sustain above this zone, it could serve as the foundation for a potential mid-term reversal.”
The downward sloping trendline—originating from the 2022 peak—remains a major technical obstacle. A decisive breakout above $0.00001350 would be the first bullish confirmation, opening the path toward the $0.00001800–$0.00002000 resistance range.
Market Structure and Volume Dynamics
Trading volume has remained relatively low, reflecting investor caution amid uncertain market sentiment. According to BITX Analysts that a volume spike accompanied by a weekly close above the trendline could signal renewed institutional or retail participation.
On-chain data also shows an uptick in wallet activity and token burns, hinting at gradual network engagement despite the subdued price action. Still, experts caution that “fundamental improvements alone may not offset the technical weakness unless SHIB breaks its descending structure convincingly.”
In the near term, Shiba Inu is expected to remain range-bound as it consolidates between key levels. The $0.00000950 support is critical — losing it could trigger a deeper pullback, while a close above $0.00001350 could ignite a recovery rally.
SHIB is holding firm within a crucial accumulation zone, but sustained buying pressure is essential to confirm any reversal of its long-term downtrend.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.