Shiba Inu (SHIB) has broken below its key upward trendline, invalidating its last significant bullish chart pattern and indicating that sellers continue to dominate. This breakdown has resulted in a lack of clear support levels near SHIB, increasing the risk of accelerated decline. The price trend remains downward, facing multiple resistance levels, and the volume trend suggests that the rebound momentum is weakening. Analysts believe that before considering any substantial rebound, the asset needs to undergo a period of sideways consolidation, and the downward trend will remain the path of least resistance.