An analysis said Shiba Inu is trapped below a long-term resistance line and needs a structural shift to reverse the trend.

On May 21 local time, blockchain outlet The Crypto Basic reported that analysts say Shiba Inu must reclaim key resistance zones to shift from a short-term rebound to a sustained uptrend.

Shiba Inu is currently down more than 90 percent from its 2021 peak. It made several attempts to rebound, but the broader trend remained a bearish structure with progressively lower highs. On the monthly chart, the area around $0.00000600 was presented as a key support zone. The level has repeatedly prevented further declines since early 2021 and is seen as an important price area on long-term charts.

The issue is resistance above. TradingView analyst Dukes pointed to the need to first break above $0.0000070 on a weekly chart basis. Shiba Inu recently failed to maintain upward momentum above this resistance zone. It rose to $0.0000067 during intraday trading last week, but then fell more than 12 percent to around $0.00000582.

Dukes said of the price area, "If Shiba Inu fails to clearly break above this zone, selling pressure will continue to dominate the market." He added that reclaiming this resistance line could be a signal confirming a structural change that favours a sustained uptrend.

Another level the market is watching is around $0.0000100. Shiba Inu is trading below the 21-week exponential moving average (EMA), which stands at $0.00000667. The line has acted as overhead resistance since early 2025, and the previous rebound was also blocked at this zone. It means that as long as the price fails to reclaim the long-term moving average, signals of an upside shift may remain limited.

Technical indicators also still lean bearish. The relative strength index (RSI) remains below 50, suggesting that selling has the upper hand across the market. The stochastic RSI has started to recover slightly from oversold territory, but no strong signal has yet been confirmed to be confident of a trend reversal.

Still, some stabilisation signals were also observed on short-term charts. Crypto research firm Aurex Finance said on the 4-hour chart that Shiba Inu is attempting to stabilise near a support line after completing a corrective structure. Shiba Inu moved within a rising channel for several weeks and broke below the channel floor on May 15, but the drop may be the final phase of an A-B-C extended flat correction under Elliott wave theory, according to the interpretation.

The correction began with an initial drop to the $0.0000059 support line on April 29. It then rebounded to $0.0000066 on May 11 and was pushed down to the current price zone in the final C-wave decline. "The corrective wave appears to have been exhausted, and the price has started to find stability at the current support line," Aurex Finance said. It also left open the possibility that Shiba Inu could attempt to reclaim the top of the channel again and then rise above $0.00000720.

Ultimately, the market's focus is converging on two directions. The key questions are whether the $0.00000600 support line holds on the downside and whether it can break through the $0.0000070 and $0.0000100 resistance zones on the upside. If Shiba Inu fails to clear the long-term resistance structure, the bearish flow may continue. If short-term stabilisation signals are to lead to an actual trend reversal, a reclaim of the weekly-chart resistance line must be confirmed first.