Shiba Inu Breaks Above Key Trendline, Sets Sights on $0.000014

Shiba Inu's recent price action has led to a significant technical development, according to crypto analyst CryptoNuclear. The token broke above a long-term descending trendline that had been in place since 2024, marking an important turning point.

The trendline, which had pressured SHIB since its multi-month high of $0.00003343 in December 2024, was finally broken on the 5-day chart. This breakout could signal a transition from the long-term bearish trend into an accumulation and recovery phase.

CryptoNuclear identified $0.00000660 as the first major resistance level if the breakout holds. A decisive break above that level could strengthen the bullish structure, opening the way toward $0.00000930 and $0.00001150. The analyst's highest marked target stands at $0.000014, which would require a 156% upsurge from SHIB's current price of around $0.00000546.