Shiba Inu, which stands out in the cryptocurrency market, has recently entered a balancing process after exceeding an important technical level. SHIB, which has been following a fluctuating trend in recent weeks, is in the retest phase where attention is focused on price movement. Analysts emphasize that this stage is of great importance in terms of confirmation of the trend change.
Technical break and strong retest period
SHIB was traded at $0.00000621 at the time of press time and recorded a 3 percent increase in the last 24 hours. Analyzes by TradingView indicate that a breakout structure of this recovery has been confirmed over wide time frames. The token began to retest this critical zone after breaking above a multi-year descending triangle formation.
It is reported that the retest zone is between 0.0000058 and 0.0000060 dollars. This forms the upper boundary of the descending channel in which SHIB has been trading since November 2025. This channel was broken upwards with the 5.20 percent increase on April 16, followed by a decline of nearly 7 percent in price on April 18-19. Analysts state that such pullbacks serve as a test for the strength of the breakout and can support a trend change to the extent that support holds.
Significant movements are also noticeable in technical indicators. According to Bollinger Bands, the lower band was measured at $0.00000572, the middle band at $0.00000598 and the upper band at $0.00000625. It is reported that SHIB has created support, especially around the middle band, and the upward momentum continues. Additionally, for the first time since February, the MACD indicator turned positive, indicating that the selling pressure began to decrease.
General market conditions also contributed to SHIB’s strength. While Bitcoin remained above $78,000, Ethereum approached $2,400, signaling stability in large-cap coins. In such an environment, the way for smaller tokens such as SHIB to rise has been cleared.
Resistance zones and on-chain data came to the fore
According to analysts’ evaluations, SHIB has gained positive momentum in the ongoing retest process. An additional 2 percent increase in prices was observed today. Thus, the token continued to move upwards from the channel resistance it had previously overcome.
It is stated that if this momentum is maintained, the testing process can be completed in a short time. A successful support formation could pave the way for a permanent transition into an uptrend. Analysts think that this possibility will enable new resistance levels to be targeted.
The first strong resistance zone lies between $0.00000785 and $0.00000821. A rise into this zone means additional return potential in the range of 26 to 32 percent from the current level. If this range breaks up, a new bullish target can be set for SHIB.
The next supply zone is located between $0.00001038 and $0.00001261. Reaching here in price indicates potential gains ranging from 67 to 103 percent. Experts state that reaching these levels depends on both market momentum and transaction volume remaining strong.
On-chain data also supports expectations. It was announced that more than 23 million SHIBs were removed from circulation, with burning activity increasing by 544 percent in the last 24 hours. According to analysts, this development demonstrated intensified community engagement and supply reduction efforts.
Additionally, open positions increased by 13 percent, reaching 69.27 million dollars. This figure marks the highest value recorded since April. Experts state that the increased interest in derivative transactions and market participation strengthens the price movement.
In general, the market is closely monitoring the price behavior of SHIB in this critical zone that it has retested. Analysts agree that a confirmation here will determine the next direction of the token.
According to analysts,
“If SHIB completes this retest phase strongly, a significant basis may be formed for a new upward wave. The upcoming resistance zones increase the size of potential gains.”
