Shiba Inu, Is the long-suppressed price finally rising? "Time to pump hard"

▲ Shiba Inu (SHIB)

As analysis emerges that Shiba Inu (SHIB) could end its years-long dull price trend and embark on a strong rebound, market attention is focused on whether it will break through the long-term downtrend channel.

According to the crypto-specialized media outlet TheCryptoBasic on May 7 (local time), analyst MMBTrader, active on TradingView, analyzed that Shiba Inu is preparing for a major price movement. He described Shiba Inu as “time to wake up and pump hard,” claiming that a market-surprising move could follow a prolonged period of sluggish price performance.

Shiba Inu has been in a downtrend since its 2021 peak near $0.0000885, losing over 90% of its value. MMBTrader believes the downtrend is nearing its end, explaining that the first technical signs of bearish fatigue have appeared. According to the original chart, Shiba Inu has been confined within a large daily downtrend channel since forming a lower high of $0.00001765 in May 2025.

Subsequently, Shiba Inu entered a smaller falling wedge structure in October 2025, continuing to form lower highs and lower lows until a breakout occurred on April 16. Currently, Shiba Inu is moving above this small wedge structure, and MMBTrader interprets this movement as the first technical bullish signal.

MMBTrader emphasized that dull accumulation phases often precede strong price surges. Shiba Inu was sidelined during previous bullish trends where Bitcoin (BTC), Ethereum (ETH), and XRP recorded new highs, and its prolonged underperformance increased holders' fatigue. He explained that market makers utilize these long accumulation periods to buy Shiba Inu at low prices, aiming for significant profits during a market rebound.

The original chart suggests that after breaking out of the small channel, Shiba Inu could rise by over 70%, surpassing the resistance trendline of the large channel near $0.00000861. If the trend is maintained above this level, a strong rally could begin, with a primary target of $0.00002049. This target represents a 220% increase. The micro supply zones to watch before that are $0.0000130, $0.0000150, and $0.0000202.

However, on-chain indicators still point to a cautious market sentiment. Open interest decreased by 4% to $61.5 million in the last 24 hours, and trading volume also fell by 13%. Net exchange inflow turned positive, with 112 billion more tokens moving to trading platforms in the last 24 hours. TheCryptoBasic reported that this trend suggests distribution rather than accumulation.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*