The Shiba Inu (SHIB) price has reached the support line of a long-term pattern, which will determine its future trend. If the price breaks down, a new bearish trend will begin, but if it bounces, it will increase to the triangle's resistance line. The daily analysis shows that the price of the Shiba Inu coin has been trading within a symmetrical triangle since June 2022. The RSI is currently below 50 and declining, but it has also entered oversold territory, which could lead to a potential upward movement in the near future. A breakout from the descending channel is likely to trigger an upward price movement toward the resistance line of the long-term triangle.