Shiba Inu (SHIB) is testing a crucial support level, with investors closely watching whether the oversold cryptocurrency can hold its ground.
Technical indicators suggest selling pressure may be easing, but the coin remains constrained by a long-term descending trendline. Market reactions in the coming days could define SHIB’s next major move.
SHIB is trading at $0.000006651, down 4.06% in the past 24 hours. The token’s 24-hour trading volume stands at $176.5 million, while its market capitalization is $3.93 billion and dominance is 0.17%, according to CoinMarketCap data as of February 16, 2026.
Shiba Inu Faces Key Resistance Levels
Shiba Inu is currently testing a crucial resistance level, according to a recent post by Ali Charts. Analysts indicate that reclaiming $0.0000067 as support is essential for bullish momentum, while the next target resistance stands at $0.0000099, signaling potential upward movement if the level holds.
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SHIB Tests Critical $0.00000549 Support
Technical indicators show that SHIB is testing a critical support level at $0.00000549, often seen as the “floor” where buying activity historically strengthens. If this zone holds, it may offer a potential long opportunity, as this area has previously acted as an accumulation point for larger market participants.
However, risks remain. A weekly close below the level of $0.00000549 may lead to a sudden drop to the level of $0.00000415, indicating a more severe correction.
The price is also experiencing a downward sloping trend that has been running over several years. It is essential to break through this diagonal resistance in order to have any sustained upward movement, as this would indicate a possible reversal of the trend.
The weekly Relative Strength Index (RSI) is 31, in the oversold category, indicating that the selling pressure can be decreasing. Interestingly, the RSI is beginning to indicate a breakout from the downtrend, which at times signals a change in momentum before the price action breaks out.
Investors are closely monitoring whether SHIB can maintain its major support and resistance levels, as this can be the determinant of whether the token can progress towards recovery or continue to experience more losses in the next few weeks.
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