The recent increase in profitability among holders of Shiba Inu's SHIB token has not translated into significant market gains. The token is still struggling to gain traction and is currently trapped below a descending trendline. While the recent price stabilization has been encouraging for long-term holders, it has not turned into a sustained uptrend. SHIB is facing resistance from trendlines, hindering upward movement, and it is not reflecting the recovery of the larger cryptocurrency market. To acquire bullish momentum, SHIB needs to break above the crucial resistance level of the descending trendline. If it fails to do so, further consolidation or testing of lower support levels is possible. The future price action of SHIB remains uncertain until it can overcome these resistance levels and align with the larger market's upward trajectory. A clear move above the trendline would signal a bullish reversal.



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