SHIB is trading in the scope of the long-term descending trendline once again, and a breach could lead to significant resistance points.
The price has ascended above the 7-day and 25-day moving averages to test the 99-day MA, which is found to be the confirmation.
It is a case of a descending triangle pushing the data that a decisive move is almost over, and either a bullish breakoutor a bearish breakdown can occur.
SHIB pushed against the trendline after a long period of downtrend indicated by a series of lower highs. The zones of resistance have been in terms of $0.00003344 and $0.00004551, as consolidation zones earlier recorded. The breakout of these levels might further propel the aggressive bullish gains to even higher price targets.
$SHIB 1D Chart Update$SHIB is testing the key 1553 downtrend line on the daily chart, a level it failed to break 3 times before.
Breakout confirmation could open the path to next targets:
0.00003344
0.00004551 pic.twitter.com/QsZIjWqf5B
— $SHIB KNIGHT (@army_shiba) August 11, 2025
Failure to breach the trendline may lead to renewed selling pressure, locking SHIB in its existing range. Market volatility has been narrowing, pointing to an impending decisive move. This stage is critical, as compression phases often precede strong directional price shifts.
Momentum Building Above Key MAs
SHIB relies on a crucial technical process as price action continues to push against a long-term, year-long descending trendline. The token has a trading price of around 0.00001368 and has recorded an amalgamation of short-term increases and insignificant intraday dips. Such a positioning positions SHIB in an area where a valid breakout would open the doors to higher levels of resistance.
SHIB is pictured in the chart pressing on the trendline with a considerable downtrend when there are repeated lower highs. Resistance levels have stayed at 0.00003344 and 0.00004551, and they coincide with prior consolidation levels. A move past these levels might be able to increase the pace of the bullish trend above price targets.
Earlier in May, SHIB reached $0.00001785 before a prolonged decline pushed it into multi-week consolidation. Current price movement shows tightening moving averages, suggesting building pressure for a potential breakout. Sustained movement above the 99-day average could confirm strength and open the way toward the $0.00001600–$0.00001700 range.
However, losing momentum here could see SHIB return to support at $0.00001250. This level has previously attracted buying activity, acting as a short-term floor. Volume remains moderate, showing that the market is still awaiting a decisive trigger.
Compression Near Support Signals Potential Shift
SHIB’s long-term chart structure shows a descending triangle, with a horizontal support base near current price levels. This formation has developed under consistent trendline pressure from a historical peak. Price compression in such patterns often leads to strong breakout or breakdown events.
The next leg up for $SHIB is going to be huge!
SEND IT! pic.twitter.com/16q8cCu52k
— Shib Spain (@ShibSpain) August 10, 2025
Bullish sentiment is evident in visual signals pointing to breakout anticipation. A move above the trendline could unlock a significant upside leg, fueled by momentum buying. Extended consolidation increases the potential impact of the breakout once resistance is cleared.
On the downside, a break below horizontal support could intensify selling pressure. This would invalidate the bullish setup and potentially send price toward earlier lows. The next sessions are crucial, as technical positioning suggests the market is nearing a decision point.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post SHIB Approaches Critical Breakout Zone as Trendline Pressure Mounts first appeared on Coin Crypto Newz.</p>
