# Shiba Inu Analysis Suggests Multi-Year Decline Ending

**Published:** 2026-05-26T13:30:16.000Z  
**Topic:** Shiba Inu  
**Sentiment:** bearish  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3a60010a-a025-44e1-a062-8f0c3276e5d6

A technical analysis indicates Shiba Inu's multi-year decline may be concluding, with the token holding key support despite recent price drops.

Recent market data suggests that the prolonged bearish pressure on Shiba Inu (SHIB) could be nearing its conclusion, according to a technical analysis published on TradingView. The token is currently hovering near a critical support level established in 2021, despite a recent drop in price [1].

**Key takeaways**
*   SHIB is trading around $0.0000056, sitting just above a key support zone at $0.0000055 [1].
*   Open interest increased by 2.1% over 24 hours while spot trading volume fell by 18% [1].
*   Analyst Aurex Finance identifies a completed three-wave corrective structure within a descending triangle pattern [1].
*   Bulls must break resistance near $0.000011 and $0.000033 to shift the market structure [1].

## Technical Analysis Identifies Potential Turning Point

SHIB has declined by 10% over the past seven days, bringing the price close to historic lows and back down to a support zone that has cushioned drops since the coin's early days [1]. Despite repeated tests, sellers have not managed to push the price into a sustained breakdown below this $0.0000055 area [1]. The broader chart structure is defined by a contracting descending triangle that has suppressed price action since the token's 2021 peak, turning back recovery attempts at a falling upper resistance line [1].

Analyst Aurex Finance, writing on TradingView, suggests this multi-year correction could be in its final stretch due to a completed three-wave corrective structure [1]. The analysis details a first wave that took the price from a March 2024 high of $0.000045 down to $0.000010 by August 2024 [1]. A partial recovery followed, lifting SHIB to $0.000033 in December 2024, before a third wave pushed prices back toward the lower edge of the triangle where they currently sit [1]. This overlap between the wave completion and the long-term support zone creates a confluence that points to a possible turning point [1].

## Resistance Levels and Market Structure

Reports from the analysis indicate that any recovery attempt will face two clear hurdles [1]. The first is a falling resistance trendline sitting near $0.000011, and the second is the previous recovery high from late 2024 around $0.000033 [1]. Breaking above both levels would represent a meaningful shift in market structure and hand momentum back to buyers [1].

Until a breakout occurs, the long-term picture remains technically weak [1]. The triangle has been compressing price action for years, leading analysts to suggest that a breakout in either direction could result in a sharp move once it finally happens [1].

## Why it matters

The potential end of a multi-year correction is significant for Shiba Inu, as it marks a possible departure from a downtrend that has dominated the chart since 2021 [1]. However, the analysis emphasizes that the market structure stays weak until the token can clear the

## Sources
1. Newsbtc — [Bearish Pressure On Shiba Inu May Be Nearing Completion](https://www.newsbtc.com/news/shiba-inu-coin/bearish-pressure-on-shiba-inu-may-be-nearing-completion-weekly-chart-suggests/)
2. Cryptorank — [Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart ...](https://cryptorank.io/news/feed/d1deb-bearish-pressure-on-shiba-inu-may-be-nearing-completion-weekly-chart-suggests)
3. Cryptonews — [Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart ...](https://cryptonews.net/news/analytics/32921355/)
4. Mytokencap — [Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart ...](https://www.mytokencap.com/news/581704.html)
5. Bitkan — [Bearish Pressure On Shiba Inu May Be Nearing Completion, Weekly Chart ...](https://bitkan.com/news/detail/942066)

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Cite as: TrendWatcher, "Shiba Inu Analysis Suggests Multi-Year Decline Ending", https://www.trendwatcher.in/article/3a60010a-a025-44e1-a062-8f0c3276e5d6