The article states that the last significant bullish setup for shib from 2026 has been invalidated due to breaking below an ascending trendline. this suggests a strong bearish sentiment and a failure of short-term recovery attempts, indicating potential for further price decline.
The analysis is based on technical chart patterns (ascending trendline) and price action, which are common indicators in crypto trading. however, the reference to '2026' in the context of a current setup seems like a typo and could be '2024' or '2023', impacting the exact interpretation of historical data. the disclaimer also highlights that opinions are from writers and not a financial advisory service.
The article explicitly states that the bullish setup has been invalidated, sellers maintain firm control, and shib is still in a downtrend. the absence of clear support levels also points to potential accelerated downside.
The invalidation of a recent bullish setup and the failure of a short-term recovery attempt suggest immediate downward pressure. the need for a period of sideways consolidation before any significant recovery also implies that a bullish trend is not imminent.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Add as a preferred source on Google News Last level that helped Absence of support levels Advertisement Because Shiba Inu broke below its most recent ascending trendline, it has taken yet another negative step and essentially invalidated the chart’s last significant bullish setup from 2026. The action demonstrates that sellers continue to maintain firm control over price action and that the short-term recovery attempt has failed. Following weeks of attempting to reach higher lows, SHIB has once more reverted to a structure characterized by consistent downward pressure and weakness. Last level that helped For the asset, the rising trendline served as a technical lifeline. It was the sole indication that buyers were trying to bring the price back to equilibrium following a protracted decline. In the past, each touch of that line produced slight rebounds, raising the possibility that a local base might develop. But the recent collapse completely eliminates that narrative. An asset usually indicates bullish exhaustion and a return to bearish continuation when it loses an ascending support line after several tests. HOT Stories Bitcoin Breaks Below Critical $63,000 Support Crypto Market Review: Ethereum (ETH) Must Protect $1,885, Is XRP Close to Losing $1? Shiba Inu: Why Outlook Is Shifting SHIB/USDT Chart by TradingView Price performance supports this opinion as well. SHIB is still in a downtrend , which act as layered resistance and slope downward. There have been brief attempts at recovery, and volume trends indicate that rallies are being sold rather than accumulated. The market lacks a clear technical structure that would support a rebound now that the trendline has been broken. Advertisement Absence of support levels The absence of clear nearby support levels is the most concerning aspect of the current configuration. Since the decline has already tested or disproved earlier reaction zones, the price is currently moving in comparatively open territory. Because traders have fewer historical reference points where buying pressure might naturally manifest, this practically raises the risk of an accelerated downside. You Might Also Like Sun, 02/22/2026 - 15:18 Shiba Inu Issues Security Notice on Fake SOUs Amid Launch of Recovery System By Tomiwabold Olajide It is necessary to shift expectations in the future to a more defensive perspective. Before any significant recovery can even be considered, SHIB will probably require a period of sideways consolidation in the absence of the rising trendline. The path of least resistance stays lower until the price recovers resistance zones that are higher or establishes a new base. If sentiment continues to decline, there may be a gradual decline or a more intense volatility move. Advertisement Shiba Inu has entered another uncertain phase, where caution reigns supreme, and a durable recovery may take longer than many market participants had expected, as indicated by the invalidation of the last bullish structure. #Shiba Inu #Shiba Inu (SHIB) Price Prediction