Shiba Inu (SHIB) Just Broke Its 3-Month Downtrend, Here’s the Level Every Trader Should Watch Next

After close to 90 days of steady selling pressure, Shiba Inu (SHIB) is finally showing signs of life, and smart traders are paying attention.

SHIB has officially broken above the bearish trendline that began around October 6. And when a memecoin breaks a structure that’s been suppressing price for months, that’s not noise, that’s momentum building.

But here’s the real question: Is this just another bounce… or the beginning of a bigger move? Let’s break it down.

SHIB Is Barking Back and Bulls Aren’t Backing Off Yet

Over the past 7 days, Shiba Inu has climbed 16.83%, pushing price to $0.0000087. On the 4-hour chart, SHIB successfully broke out of a falling wedge, a classic bullish reversal pattern.

Just a few days ago, SHIB looked like it could collapse below support at:

• $0.0000076
• And possibly even $0.0000070

But buyers stepped in aggressively.

The Bull Bear Power (BBP) shows bulls taking control since January 1, helping price slice through resistance at:

• $0.0000075
• $0.0000088

Yes, SHIB did see a rejection around $0.0000091, but that doesn’t mean the move is done. Here’s why

The 20-EMA Is Still Acting as Support

Right now, SHIB is still trading above the 20-period EMA – a strong sign that short-term momentum remains bullish. If price holds here, another push above $0.0000088 becomes highly likely.

On-Chain Data Says This Rally Might Not Be Done Yet

One of my favorite metrics to watch during rallies? MVRV (Market Value to Realized Value).

The 30-day MVRV for SHIB just climbed to 4.73%. Historically, SHIB only starts flashing “overheated” signals when MVRV hits:

➡️10.62% to 28.55%

Most holders are only sitting on small unrealized profits, so they’re not rushing to sell. That’s exactly what you want to see in a sustainable uptrend.

If history repeats, SHIB still has room to run before entering the “danger zone.”

SHIB Price Forecast: The Make-or-Break Level

On the daily chart, SHIB has officially broken its bearish trendline from October. Two bullish signals are emerging:

✔️ The Chaikin Money Flow (CMF) is creeping back toward zero- meaning selling pressure is cooling off.
✔️ The Supertrend indicator has flipped bullish.

Now, here’s the level that matters:

Key level to watch: $0.0000099

This lines up with the 0.382 Fibonacci level, and historically, this is where momentum either accelerates or dies.

Scenario 1: Bullish Breakout

If buyers push SHIB above $0.0000099 and flip it into support:

➡️ Target: $0.000012

Scenario 2: Rally Fails

If bears step back in at resistance:

➡️ SHIB could retrace back toward $0.0000075

Final Takeaway

Shiba Inu just did something it hasn’t done in months: It broke a major bearish structure And with on-chain data still cool, EMA support holding, and momentum indicators flashing green…

SHIB remains one of the most interesting charts to watch right now.