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As the price of Shiba Inu moves toward its lowest points since early 2026, it is getting close to a turning point and is essentially testing what might turn into a multi-year low. A consistent series of lower highs, frequent breakdowns from short-term consolidation patterns and persistent trading below major moving averages are all indicators of prolonged weakness in the current chart structure.
Shiba Inu pushed down
The importance of the current price zone cannot be disregarded, even though the overall trend is still clearly bearish. SHIB is currently situated close to historical demand territory on the longer time horizon, which served as a long-term base prior to significant upside expansions.
When these levels are revisited, the asset is in what many traders refer to as rock bottom territory, which is where risk-reward dynamics start to change.
Touching a long-term support zone, however, does not ensure a reversal. Before any long-term recovery can start, markets frequently need a period of stabilization and accumulation. In contrast to previous stages of the decline, momentum indicators are hovering close to oversold conditions, indicating that downside pressure is becoming less intense.
Volume patterns are not beneficial
Additionally, volume patterns reveal less aggressive follow-through on recent sell-offs, which might point to fatigue rather than panic-driven liquidation.
Nevertheless, downward-sloping moving averages continue to function as dynamic resistance overhead for SHIB. Sideways consolidation would be the most likely short-term outcome if this zone holds.
Rarely do multi-year bottoms form in a single candle; instead, they are the result of prolonged compression, decreased volatility and a slow restoration of buyer confidence.
From such low levels, a 15-25% relief rally would not be out of the ordinary, particularly if overall sentiment toward cryptocurrencies stabilizes. However, a clear breakdown below the current support would disprove the bottom thesis and allow for another leg down, which might be motivated by stop-loss cascades and rekindled fear.
Dan Burgin
Vladislav Sopov
