Shiba Inu Faces Strong Resistance While Inverse Head & Shoulders Pattern Signals a Possible Breakout

• SHIB struggles against $0.000023 resistance, facing repeated rejections that limit bullish momentum and keep market sentiment bearish.
• An inverse head and shoulders pattern suggests a potential trend reversal, with a breakout possibly leading to a 402% price surge.
• Losing key support levels increases downside risks, but a confirmed breakout could shift sentiment and spark strong buying interest.

SHIB has been struggling to stay above a key resistance level. It lost a support price and is presently trading near $0.000015616. Analysts point towards the resistance at $0.00002300 with multiple rejections. The market structure remains bearish unless SHIB reclaims this area. Failure reclaim leads to a downside with support levels at $0.000011 and $0.000008.

Strong Resistance Limits Upside Potential

Since 2021, SHIB has faced resistance at $0.00002300. This level has repeatedly halted price recoveries. In early 2022, the price attempted to break above but failed, leading to further downside. A similar pattern emerged in 2024, where another breakout attempt was rejected.

Several price rejections in this area indicate strong selling pressure. Buyers have struggled to establish sustained momentum. Despite brief surges above resistance, SHIB consistently fell back. The price history suggests continued difficulties in pushing higher. Until SHIB confirms a breakout, the market may remain in consolidation.

The recent loss of a key support zone further weakens the bullish case. If the selling pressure continues, SHIB could revisit lower support levels. A move above resistance, however, could shift sentiment and trigger an upward trend.

Inverse Head & Shoulders Pattern Offers Bullish Hope

Despite the bearish structure, an inverse head and shoulders pattern has formed. This pattern is often a strong reversal signal. The left shoulder formed in mid-2022, followed by the head in late 2022. The right shoulder developed in early 2025, completing the structure.

SHIB has held above key support levels, maintaining an uptrend since the head formation. The neckline acts as a crucial resistance point. A breakout above this level could validate the pattern and signal a strong rally. The projected target is around $0.000081, a potential 402% increase.

Moreover, market trends suggest a shift from accumulation to expansion. Investors are watching closely for a breakout confirmation. If the pattern holds, buying pressure could drive SHIB higher.