# Shiba Inu Setup Could Target 25%-27% Move if Trendline Breaks

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25387
Published: 2026-09-29T14:37:36.000Z
Updated: 2026-09-29T14:37:36.000Z
Section: Investing

> SHIB must hold support and clear a descending trendline to reach $0.00000720-$0.00000730. The setup also allows for a decline to $0.00000575.

Shiba Inu (SHIB) is testing a narrowing three-hour chart pattern that could target $0.00000720-$0.00000730 if support holds and price breaks above a descending trendline.

That range would represent a roughly 25%-27% move from the setup’s possible downside level of $0.00000575. The setup remains conditional, with no confirmed breakout reported.

Trader SHIB Knight described the pattern this way:

“$SHIB 3H chart is compressing right above support. A breakout can open the door for a 26% move toward 720–730. Hold the support. Break the trendline. Then things can move fast.”

The pattern places immediate importance on whether SHIB can remain above chart support before challenging the descending trendline. A break below the stated downside level would weaken the projected move toward the upper target range.

The technical setup comes as altcoin participation has strengthened relative to Bitcoin. Through Sept. 22 at 8 a.m. ET (12 p.m. UTC), 72.5% of tracked altcoins outperformed Bitcoin over the week, compared with 39% during the August squeeze.

Leverage has not expanded as broadly. Altcoin perpetual-futures open interest barely grew over the prior 30 days, and fewer than half of the markets added positions.

SHIB therefore faces two conditions before the projected range becomes relevant: support must hold, and price must clear the descending trendline. Until both occur, the $0.00000720-$0.00000730 range remains a technical-analysis scenario rather than a confirmed market outcome.