Shiba Inu Rips 35% in a Week as Short Sellers Get Run Over

Shiba Inu jumped more than a third in a week, and shorts are getting liquidated fast. Here’s what the weekly and 15-minute charts actually show right now.

Shiba Inu spent most of 2026 doing basically nothing worth writing about. Then, sometime around midday Saturday, the chart just tipped over.

By the time this goes up, SHIB is trading near $0.0000057, and the weekly candle alone is showing a gain past 35%. That’s the kind of single week move this token hasn’t put up in a while, and it’s happening off a base that had been grinding lower since December of 2024.

Worth saying upfront, this isn’t the kind of coin that normally gets chased on a green week. But the structure underneath this one is a little more interesting than the usual meme coin pump, so it’s worth actually looking at.

A Multi-Year Downtrend Finally Gets Tested

Pull up the weekly chart and, honestly, the story’s pretty blunt. SHIB topped out somewhere near $0.0000340, back around December of 2024 if memory serves, and from there it was a long, slow bleed, each bounce a little weaker than the one before it. Textbook descending trendline, the kind built off a string of lower highs through 2025, and price had been stuck underneath it for months.

… Continue reading the full article at the original source below.