Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Shiba Inu Trades at $0.00001206 After 6.2% Drop, Breakout Holds Above Descending Trend Line

Shiba Inu Trades at $0.00001206 After 6.2% Drop, Breakout Holds Above Descending Trend Line

CryptonewslandCryptonewsland2025/09/25 09:45
By:by Francis E
  • Shiba Inu is trading at $0.00001206 after dropping 6.2% today, though support at $0.00001202 remains intact.
  • The token recently broke above its descending trend line, with resistance holding near $0.00001289.
  • The token gained 4.0% against BTC and 0.6% against ETH, showing relative strength on cross pairs.

Shiba Inu’s (SHIB) price was trading at $0.00001206 after recording a 6.2% decline during the day. Despite the reversal, the token has just broken above a downtrend line on the chart. The technical behavior has come into focus as the traders test the strength of the breakout. The price action continues to play out within defined support and resistance areas, marking areas of interest for the near term.

Key Support and Resistance Levels

The closest support is $0.00001202, which held against the recent drop. With incredible alignment, resistance is $0.00001289, the recent range high. These are the levels controlling short-term action as the market awaits a potential move to see if the token may build momentum after the established breakout. The close range shows how important these levels have been over the last few days.

Daily Performance and Market Movement

Shiba Inu has been very volatile in the last 24 hours. The daily range shows price movement between $0.00001202 and $0.00001289. However, the bigger picture is a break above the descending trend line, which had capped gains earlier. The asset’s weakness against the U.S. dollar contrasts with relative strength against other pairs, as SHIB gained 4.0% versus Bitcoin at 0.091070 BTC and 0.6% against Ethereum at 0.082888 ETH.

Market Outlook Following Breakout

The breakout from the descending structure places focus on whether Shiba Inu can sustain upward pressure. Analysts are monitoring if the price can challenge resistance near $0.00001289. Beyond this point, the chart indicates potential space for extended movement toward higher levels. For now, the token’s ability to remain above support at $0.00001202 serves as a critical marker. 

🚀 The breakout for $SHIB is confirmed

The chart shows a wonderful break from its descending trend line, signaling a powerful move ahead📈

An impactful rally from the current price could send $SHIB soaring towards a high of $0.00001800 ✨ #SHIB #Crypto #Breakout https://t.co/wiYqPbEDyX pic.twitter.com/WidRQgGj4w

— Hailey LUNC ✳️ (@TheMoonHailey) September 22, 2025

Chart projection also indicates the possibility of a rally with targets as distant as $0.00001800 if momentum builds. Shiba Inu trades in a tight range after falling below a descending trend line, with support at $0.00001202 firm and resistance at $0.00001289 capping movement, with traders bracing for potential volatility in the days ahead.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost