Shiba Inu (SHIB) price remains under heavy resistance, with its current price action reflecting this struggle. SHIB is trading around $0.000009805 after a 2.4% dip today.
Despite an 11% bounce last week, the overall trend has not shifted. The chart continues to be capped by two descending trendlines, which are dictating the entire price setup.
Some analysts believe the SHIB price is approaching a critical juncture where the structure might finally change, but a clean breakout is necessary before any significant shifts occur.
SHIB Price Chart Analysis
A TradingView chart shared by MMBT Trader highlights a persistent challenge: the Shiba Inu price consistently faces rejection at the same descending trendlines.
The first trendline is located near the $0.00001270 mark. Each time the price attempts to reclaim this level, sellers intervene. A second, higher trendline exists near $0.00001933, a level SHIB has not reached in months.
The Shiba Inu price remains under pressure as it tests descending trendlines, but a potential breakout up to 94% could signal a bullish shift.
— TheCryptoBasic (@thecryptobasic) November 11, 2025
According to a TradingView chart shared by crypto analyst MMBT Trader, Shiba Inu has been facing repeated rejections at two descending…
The chart details several key rejections. The SHIB price failed to break through $0.00001767 in May, then at $0.00001579 in July, and again at $0.00001414 in September. These repeated failures underscore the strength of the overhead resistance throughout the year.
The chart also indicates that SHIB dropped below the second trendline in January after losing the $0.00002043 level, which initiated the ongoing deeper correction.
Conditions for a SHIB Price Trend Shift
MMBT Trader suggests a crucial first step: SHIB must achieve a decisive break above the initial descending trendline.
Reaching this level would require approximately a 27.69% move from its current position. Only after reclaiming this zone can SHIB begin to approach the higher trendline.
If the Shiba Inu price successfully reaches the second trendline at $0.00001933, the analyst anticipates a consolidation period. This pause would allow the market to absorb the breakout before attempting further upward movement.
Shib Knight has also identified a symmetrical triangle pattern forming on the chart, a pattern that often precedes a breakout from an extended accumulation phase.
Javon Marks maintains an optimistic outlook, forecasting a potential 200% rally back towards the $0.000032 region, which aligns with a significant resistance area from an earlier cycle.
In previous analyses, MMBT Trader outlined three aggressive price targets: 164.8%, 236%, and 460% gains from support zones around $0.00001 and $0.000006.
Despite these projections, the Shiba Inu price continues to trade within a downtrend. However, the chart is showing signs of tightening consolidation. A break above the first trendline would signify a shift in short-term momentum, while a break above the second trendline would fundamentally alter the price structure.
Until such a breakout occurs, the downtrend remains in effect, and each approach to resistance carries the risk of rejection.