 ▲ Shiba Inu (SHIB) |
Shiba Inu (SHIB) has entered a precarious phase with growing risks of further price declines after invalidating all of the last bullish technical setups formed in early 2026.
According to crypto media outlet U.Today on February 24 (local time), the technical chart structure that had aimed for a bullish run in 2026 based on the growth of the Shibarium ecosystem has completely collapsed בעקבות the recent steep price drop. U.Today diagnosed that the lower support line of the symmetrical triangle pattern maintained by Shiba Inu has broken down, erasing the accumulated buying momentum and marking the most negative technical signal of the year. In particular, as the support from the golden cross formed by the 50-day and 200-day exponential moving averages has faded, market control has shifted back to bearish forces.
The collapse of Shiba Inu’s technical structure was primarily driven by a sharp decline in trading volume and weakening investor sentiment. With the Relative Strength Index (RSI) falling below neutral territory and buying pressure disappearing, news of a $2.4 million bridge vulnerability attack on the Shibarium network further undermined confidence in the ecosystem. Investors are closely watching Shiba Inu’s failure to defend the $0.00000806 support level, raising concerns that a break below this point could diminish the impact of the large-scale token burn program, Shibburn, planned for the first half of 2026.
Market experts warn that Shiba Inu could be pushed down toward a major liquidity zone around $0.0000062, describing it as a return to 2024 levels. This represents a decline of more than 66% from its peak and, combined with a macroeconomic environment in which major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) remain weak, is exerting even harsher pressure on meme coins like Shiba Inu. As the market’s Fear and Greed Index remains stuck in the extreme fear zone, an aggressive rebound scenario for Shiba Inu appears unlikely in the near term.
For Shiba Inu to attempt a technical reversal, it must break back above the upper resistance line of the collapsed triangle pattern and demonstrate a recovery accompanied by strong trading volume. However, with daily transaction figures on Shibarium stagnating and signs of capital outflows from whale investors emerging, restoring short-term technical setups will not be easy. Despite optimism within the community, particularly on social media platforms such as X (formerly Twitter), the lack of tangible demand on the charts remains the biggest challenge facing Shiba Inu.
In conclusion, Shiba Inu is assessed to have entered a technical dark period after relinquishing the last bullish setup it had maintained into 2026. At present, risk management from a conservative perspective is paramount until key resistance levels are reclaimed. Investors worldwide are watching closely to see whether the Shiba Inu ecosystem can resolve its security issues and demonstrate real-world use cases to rebuild its broken technical indicators.
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.