Shiba Inu's Surge: A Promising Breakout After Perfect Bounce

Shiba Inu (SHIB) has recently experienced a strong resurgence, noted by analysts as a "perfect bounce" following a period of intense selling. Market expert Lyvo predicted this rebound when prices were low, and he emphasizes potential further gains as the token breaks out of its downtrend.

Key Takeaways

Shiba Inu has shown a significant bounce from its support level of $0.0000068.
Analyst Lyvo accurately forecasted the recovery, calling it a prime buying opportunity.
The token experienced a 22% increase on a weekly basis, breaking a descending trendline.
A potential price target of $0.0000148 suggests a possible 70% rise from current levels.
Market sentiment is optimistic, with analysts predicting continued upward movement.

Shiba Inu Seeks Breakout Above This Key Resistance: Here's The SHIB Target

Analyst's Insight on Shiba Inu's Bounce

Lyvo, a market analyst, described Shiba Inu's recent upward trend as a necessary "perfect bounce" following a prolonged selling phase that impacted prices towards the end of 2025. He was among the few who anticipated this resurgence while the market remained subdued.

Anticipating Market Movements

In December, Lyvo pointed out that Shiba Inu was maintaining weekly price support around $0.0000068. He encouraged traders to consider buying tokens at that price, viewing it as a solid opportunity. On January 4, he reiterated this advice in a tweet, claiming that the SHIB chart indicated a genuine market bottom.

The token's rebound from its December lows has validated the analyst's projections thus far. Lyvo indicated that Shiba Inu might have escaped its downtrend, observing a 22% increase over the past week. A chart accompanying his analysis highlighted a breakout from a declining trendline on the daily chart.

Breaking Resistance Levels

The resistance, formed from a lower high of $0.0000148 on September 13, had been hindering further price increases since then. However, the trend changed recently, as the meme coin saw upward movements on three out of the last four trading days.

On January 1, SHIB rose by 7.9%, followed by an 8.8% increase the next day, before experiencing a slight correction of 0.3%. The robust 8.8% surge allowed the token to surpass the descending trendline, and another session yesterday resulted in an impressive 11.8% price rise, positioning SHIB well above previous resistance levels.

Technical Analysis Predicts Further Gains

Lyvo indicated that this may represent a decisive breakthrough from the previous downtrend, paving the way for sustained price increases. While he did not specify a precise target, technical analysis implies that Shiba Inu could aim for the trendline's origin, which corresponds to the $0.0000148 level set back in September.

Reaching this target from the current price necessitates a significant increase of 70%. The recent positive momentum has fostered bullish sentiment among market analysts who foresee additional upward movement for Shiba Inu.