Shiba Inu Rises Above Weekly Support as Analysts Eye Upcoming Targets

Summary:
Shiba Inu (SHIB) has recently shown signs of recovery after dropping to a low of $0.0000068 on December 31, as part of a downtrend that began in October. Analyst MMB Trader has observed significant price action at this support level and predicts an increase in value towards higher resistance levels. The first target for profit-taking is set at $0.00001366, which represents a potential gain of 51.7% from the current price.

Key Takeaways

SHIB dropped to $0.0000068 amidst a Q4 2025 downtrend.
The latest rebound suggests a bullish trend with the first profit-taking target set at $0.00001366.
If buying volumes rise, SHIB could reach multi-month highs of $0.00003364 and $0.00004753.

Current Market Status

On December 31, SHIB declined to a low of $0.0000068, continuing the downtrend that started in October and lasted throughout Q4 2025. Analyst MMB Trader highlighted that this price level served as a strong support area. The subsequent rebound from this level has created a solid foundation for a potential bullish movement toward higher resistance areas in the market.

Initial Profit-Taking Targets

MMB Trader had previously predicted this situation and recommended entering the market at the weekly support zone. After a 32% increase from support to the current price of $0.0000090, the analyst has identified an initial target for profit-taking at $0.00001366. Achieving this target requires a 51.7% increase from the current market price. A resistance range exists between $0.0000104 and $0.0000110, which needs to be surpassed to reach this target.

Projections for Extended Targets

MMB Trader believes that the anticipated surge to the first target is only the beginning of SHIB's upward potential. If buying volume increases, the analyst forecasts further growth towards higher resistance levels over time. Rising trading volume is an essential indicator of strong market participation, providing the necessary momentum for a robust and sustained uptrend.

Should this optimistic scenario unfold, the commentator envisions SHIB climbing to a multi-month price high of $0.00003364, requiring a 273% increase from its current price. Furthermore, an ambitious rise to $0.00004753 could represent a 428% gain from current levels. These extended targets are contingent upon ongoing buying pressure and volume expansion. The analyst underscores the significance of volume, suggesting that increased market activity is crucial for SHIB to successfully navigate through multiple resistance zones as it strives for higher price points.