Shiba Inu (SHIB) Breaks Out of Key Technical Barriers, Setting the Stage for Substantial Price Increase

Shiba Inu has shown remarkable resilience in recent weeks, breaking through key technical barriers and positioning itself for what could be a substantial price increase.

Shiba Inu (SHIB) has shown remarkable resilience in recent weeks, breaking through several key technical barriers and positioning itself for what could be a substantial price increase. After completing a complex correction pattern and establishing a new bullish structure, the popular meme coin has caught the attention of traders and analysts alike.

As of 08:08 ET (12:08 GMT+2), the Shiba Inu price is up 2.21% in the last 24 hours at $0.00001373.

This movement follows the completion of a WXYXZ correction within a descending wedge pattern that culminated on April 7 at $0.00001030.

Two Important Trendlines Broken

The technical picture reveals that SHIB has broken out of two significant descending trendlines. The first, formed in March 2024, limited rallies until December. Meanwhile, a second resistance trendline was breached in April 2025.

This breakout signals the final stage of a long-term corrective structure and the beginning of what appears to be a new upward trend. The price has experienced a 12% rally from its support levels, showcasing the strength of this move.

Looking at the Elliott Wave structure, SHIB seems to be in its fifth wave of an impulse pattern. After concluding wave (iii) at $0.00001525, the price experienced a retracement for wave (iv) with a low around $0.000