Shiba Inu Breakdown Signals Possible 30% Move

Shiba Inu (SHIB) has broken below its long-standing weekly price channel, putting $0.00000138 in focus as a potential downside level, with the breakdown occurring on the higher timeframe, a signal traders often treat as structurally significant.

If the move, highlighted in an analysis shared by prominent cryptocurrency market expert Ali Martinez in an X post on February 12, is confirmed, it could shift Shiba Inu’s medium-term trend and increase volatility.

What Just Happened?

On the weekly chart, SHIB had been trading inside a descending channel for an extended period. The price has now moved below the lower boundary of that structure, a development typically interpreted as a bearish continuation signal.

Now, the key levels in play include immediate support near $0.00000667 and major historical support around $0.00000138. The $0.00000138 level marks a prior structural base and would represent a substantial retracement from current prices if tested.

Why This Level Matters

Breakdowns on higher timeframes like the weekly chart tend to carry more weight than intraday moves. When support structures fail, it can signal weakening bullish momentum, extended consolidation phases, and/or elevated short-term volatility.

However, technical breakdowns require confirmation. Traders will be watching for a decisive weekly close below the channel, whether the price reclaims the lost support quickly, and the volume expansion validating the move.

At the moment, Shiba Inu is trading at $0.000006145, indicating a 6.1% gain in the last 24 hours, a decline of 2.9% across the past seven days, and an advance of 28.4% over the month, according to the latest data.

What Happens Next?

If SHIB remains below the broken channel, the path toward $0.00000138 becomes technically viable. A strong recovery back inside the channel, however, would invalidate the setup and potentially trap short positions.

For now, Shiba Inu sits at a key inflection point, and how the price reacts at these levels could determine its next broader trend direction.

Shiba Inu Price Today

More Must-Reads:

• Ethereum User Accidentally Pays $125K Fee – What Happened?
• Binance Completes $1B Bitcoin Safety Fund, Signaling a Shift in Industry Standards
• Turning Point: Bitcoin Drops Into Rare Oversold Territory Last Seen During the COVID Crash