- Shiba Inu price trades near the resistance line of a falling wedge.
- If SHIB breaks out on robust volume, price targets include highs of $0.00001.
- Token holders are pulling assets off exchanges to signal bullish confidence.
Shiba Inu (SHIB) is gaining fresh attention from traders as its price appears poised for a breakout, supported by a tightening wedge pattern on the daily chart.
The token traded around $0.00000779, slightly up on the day as buyers ramp up pressure amid growing on‑chain accumulation.
Data shows Shiba Inu price boasts a bullish technical structure, with analysts noting a potential move higher is on the horizon.
Dogecoin, Pepe and Floki are also poised for an uptick.
Shiba Inu: current price and market dynamics
As of late January 2026, Shiba Inu hovers around the 0.0000078 level, trading in a tight range after a recent bounce from near 0.0000075.
Recent declines and upticks see the cryptocurrency tracking a long-term falling wedge pattern.
The pattern prints each successive low higher than the last and the upper trendline slopes downward.
This indicates diminishing selling pressure, signalling the consolidation phase could pave the way for a major breakout, especially if volume begins to pick up on the upside.
While SHIB’s price remains well below its 2025 highs, buyers are upbeat and are actively pulling tokens off exchanges.
In one instance, token holders pulled more than 29 million SHIB from crypto exchanges in the past 24 hours. The data suggests active accumulation as a factor, and that means likely reduction in selling pressure.
Historically, large outflows from major exchanges have pointed to smart money accumulation, a phase that often proceeds price explosion.
This happens when rising demand follows a downtrend, which is what analysts are predicting will be the case as memecoins wake up.
Shiba Inu price prediction: why SHIB tracks a potential breakout
As noted, Shiba Inu’s technical outlook includes a falling wedge pattern on the daily chart.
The token continues to trend lower, but is notably near the upper trend line amid signs of renewed buying interest.
For bulls to confirm an upward breakout, the price would need to decisively clear resistance in the $0.0000085-$0.0000098 zone.
Analysts say this should be on strong volume, with a surge above $0.00001 critical to near term continuation.
Shiba Inu will benefit from positive vibes across the broader altcoin market, particularly if meme and utility tokens begin to gain traction.
Bitcoin performance and investor appetite for high‑beta tokens like SHIB will also be critical.
Developments across the Shiba ecosystem, Shibarium, and merchant adoption could all provide additional tailwinds.
Credit: Source link
