Shiba Inu is again testing a key support zone on the weekly chart, prompting analysis that a correction phase that has lasted for years may be nearing its end.

The Crypto Basic, a blockchain media outlet, said on May 25 that Shiba Inu has fallen 10 percent over the past seven days, slipping to a major support level around $0.00000550. Selling pressure has not been able to keep pushing the price below this area.

The analysis is based on a weekly chart update from Orex Finance posted on TradingView. Shiba Inu has traded within a long-term descending triangle since its 2021 peak, and recent price action is still unfolding within that structure. With a major support zone that has held for years again underpinning the price, a rebound is being discussed even within a bearish setup.

Orex Finance saw the recent correction as aligning with a multi-year support line that has supported the price since early 2021. It highlighted repeated defense of support at current levels as an important signal. Despite broader weakness across the crypto market, sellers have failed to produce a clear break below the demand zone, raising the possibility that downward momentum is slowing.

The upper resistance trendline, however, is still acting as the key resistance in the long-term structure. Every major rebound attempt since 2021 has been blocked near this downward resistance line. Until Shiba Inu breaks above the upper boundary, the long-term chart remains technically vulnerable.

The analysis also mentioned that volatility has been compressed for an extended period. A gradually narrowing triangle typically often leads to a larger directional move after a range break. For this reason, the market may pay more attention to whether the price actually exits the range than to whether there is a short-term rebound.

Orex Finance said Shiba Inu may have entered the final stage of its long-term correction. After plunging from $0.0000456 in March 2024 to $0.0000107 in August, it rebounded to $0.0000334 in December. That rebound did not fully reverse the downtrend, and the price has since fallen back toward long-term support.

The price now appears to be stabilising near that support zone. Orex Finance analysed that several technical criteria are converging around similar price levels, suggesting the correction cycle may have entered a late phase. It said a recovery in buying is needed for the move to develop into an actual rebound.

Additional levels to watch are $0.000011 and $0.000033. If Shiba Inu clears these zones strongly in sequence, its market structure could shift in favour of buyers. If it fails to break through, the long-term downtrend is likely to persist.

Market indicators were mixed. Shiba Inu is trading near $0.00000563, and spot trading volume fell 20 percent over 24 hours. Open interest rose 2.3 percent over the same period. With prices holding in a historical low zone while trading has contracted and derivatives positions have edged higher, near-term direction remains difficult to judge.