Shiba Inu's recovery remains intact as the price holds within its rising channel and preserves support near $0.0000045, keeping the sequence of higher lows in place since July. The RSI stands around 57.5, still in buy territory, while the MACD remains above its signal line, leaving the daily bias bullish for the time being. A break above $0.0000062 would open the upper channel around $0.0000065, while the support zone remains vital for further price gains.

SHIB has reached an important technical milestone, with its price consolidating within the rising channel after attempting a sharp breakout. The key question now is whether momentum can continue building.

Long-term structure shifts toward recovery

Crypto analyst Crypto Sheriff says Shiba Inu has moved beyond a prolonged period of decline and consolidation. His cycle model divides the broader market structure into decline, consolidation, recovery, and rocket phases. The view follows a breakout above a descending trendline that capped SHIB for years.

TheCryptoBasic highlighted Sheriff's analysis in a recent post discussing the changing market structure. According to the post, SHIB traded below that downtrend line for roughly five years — the longest such stretch since October 2021, when all-time highs were reached around $0.00008845.

For context, SHIB launched in August 2020 as an Ethereum-based meme token inspired by Dogecoin, and its October 2021 peak came amid that cycle's broader speculative rally in meme assets. Its subsequent multi-year downtrend unfolded alongside a wider bear market in cryptocurrencies following those highs.

After the downtrend, the price consolidated at the lower end of its trading range for a prolonged period. The token held resistance for most of that stretch despite persistent selling pressure. The recent trendline break therefore marks a shift from years of weakness toward recovery.

Sheriff expects the recovery phase could eventually develop into a stronger rocket phase. However, the current structure still requires sustained trading above the reclaimed trendline territory. A failure there would leave the broader cycle transition less firmly established.

Charts: TradingView, TradingView

Daily chart shows rising channel

On the daily chart, the price is consolidating around $0.0000053 following a substantial rally. Before the latest sell-off, price had risen from approximately $0.0000045 to $0.0000062. Those rejections created an upper wick and several weaker candles at resistance.

Since then, the price has been consolidating around $0.0000053 within the rising channel. The channel's lower border now sits at significant support at $0.0000045. If that structure holds, the sequence of higher lows since July will be preserved.

Near-term resistance sits between $0.0000060 and $0.0000062. A break above that zone could pave the way toward $0.0000064–$0.0000065. Conversely, a downward turn could take the price back toward the bottom of the channel.

Volume also expanded during the strongest upward move on the daily chart. The subsequent retreat appears less forceful than the preceding surge in buying activity. That pattern leaves the market awaiting clearer confirmation at both resistance and support.

Momentum indicators keep the recovery constructive

The RSI currently stands near 57.5, keeping momentum above the neutral 50 level. It remains below overbought territory, leaving room for further movement without extreme readings. The indicator has also recovered from weaker levels recorded during the June decline.

The MACD line remains above its signal line on the daily chart, with a positive histogram indicating reinforced momentum following the recent upward move. That said, recent price consolidation suggests momentum has moderated after the sharp rally.

The chart therefore places greater weight on the next confirmed directional move. Holding the $0.0000050–$0.0000045 zone would keep the current bullish structure technically supported, while a sustained break below it could weaken the recovery setup considerably.

For now, $0.0000062 remains the clearest upside test within the displayed structure. A successful breakout could bring the upper channel near $0.0000065 into focus. Until then, the chart continues to show recovery rather than a confirmed rocket phase.