I noticed an interesting point on the SHIBUSDT chart — the price broke through the long-term descending trend line that had been acting as resistance for over a month. It wasn’t just a coincidence: yesterday, SHIB closed above this level for the first time in a long while, which looks like a real breakout rather than another fake-out.

If we recall the history, the resistance line was formed back in February when Shiba Inu reached a daily high of around $0.00000725. Since then, every time the price tried to rise above, sellers pushed it down. The market tested this ceiling several times — in March, there were two serious attempts, but both failed. The price rose to $0.00000644 and $0.00000628, but each time it hit the same wall.

Yesterday, the situation changed. SHIB bounced off an intraday low of about $0.00000579 and closed near $0.00000600, with this close happening above the trend line itself. Additionally, the price broke through the 50-day moving average (which was around $0.00000591), strengthening the signal. If buyers don’t lose momentum, the next technical target is the 100-day moving average at around $0.00000673.

What’s interesting is that the breakout is confirmed by blockchain data. On CryptoQuant, it’s visible that over the past 24 hours, there was a net outflow of 133 billion SHIB from exchanges. A negative net inflow means more tokens left than entered. This is a classic sign that holders are transferring coins into self-custody rather than preparing for a sell-off. Selling pressure has decreased, which helps explain why the breakout looks more convincing.

Trading volume also increased — by 41% over the day, indicating that real money is involved in the movement, not just a small spike. Even data on takers in spot and futures markets was positive: purchases slightly outpaced sales.

The long-term picture looks even more interesting. One analyst (Vuori Trading) published an analysis noting that SHIB still holds a support level it has been tracking since last summer. According to him, the current structure is a consolidation phase after previous crashes. In other words, the market is forming a base before a more significant move.

If this support level holds, the risk of further decline is greatly reduced. The analyst even suggested that the recent price weakness could be a bear trap rather than the start of a new crash. In such a scenario, potential targets are in the range of $0.00014 to $0.00039 at a later expansion stage. These are much higher than current levels, but that’s a long-term outlook, not for the upcoming weeks.

Of course, this doesn’t negate short-term volatility. The main thing for bulls right now is to hold the breakout. If SHIB drops again below the descending trend line and the 50-day moving average, the momentum could fade, and everything might revert to the previous scenario. But if buyers maintain control, the market could attempt to challenge the next resistance — that very 100-day moving average at $0.00000673.

On the SHIBUSDT chart, everything looks more optimistic than a week ago. The combination of a technical breakout, exchange outflows, and increasing volume creates a quite convincing picture. Of course, there’s always a risk that this is just another fake, but for now, the signals align.