Shiba Inu stirs as traders eye a technical breakout Shiba Inu (SHIB) is back in traders’ sights, with the token showing signs that a meaningful move could be coming. As of late January 2026, SHIB is trading around $0.00000779 (~$0.0000078), a touch higher on the day after bouncing from roughly $0.0000075. On-chain flows and price action suggest accumulation and tightening volatility that may precede a breakout. Why analysts are watching SHIB - Falling wedge setup: SHIB’s daily chart is printing a long-term falling wedge — a pattern where each low is higher than the last while the upper trendline slopes downward. That structure signals diminishing selling pressure and often resolves higher if buying volume ramps up. - Exchange outflows: Traders have been pulling SHIB off exchanges — more than 29 million SHIB left exchanges in a 24‑hour span recently — a behavior commonly associated with accumulation by longer‑term holders or “smart money.” Historically, large outflows can reduce selling pressure and set the stage for upward moves. - Momentum context: Despite trading well below 2025 highs, renewed buying interest and lower available supply on exchanges could help fuel a rally if market conditions turn favorable. Key levels and confirmations to watch - Immediate resistance sits in the $0.0000085–$0.0000098 zone; a decisive close above this area on strong volume would strengthen bullish cases. - A push and hold above $0.00001 is widely viewed by analysts as critical for near‑term continuation and a clearer breakout confirmation. - Volume is crucial: breakouts on weak volume are less reliable. Traders will be watching for sustained buying pressure. Broader drivers SHIB’s next move won’t occur in isolation. A bullish altcoin market — particularly strength among other memecoins like Dogecoin, Pepe and Floki — would support SHIB’s upside. Bitcoin’s price action and overall investor appetite for high‑beta tokens will also matter. Meanwhile, ecosystem developments (Shibarium upgrades, merchant adoption, or other utility milestones) could provide additional tailwinds. Possible scenarios - Bull case: Rising volume and continued exchange outflows push SHIB above the $0.0000085–$0.0000098 range, leading to a run toward and potentially above $0.00001. - Bear/neutral case: SHIB fails to clear resistance or sees renewed inflows to exchanges, resulting in extended consolidation or a retest of lower support near recent lows. Bottom line Shiba Inu’s chart and on‑chain data point to a tightening setup that traders find attractive, but confirmation hinges on volume and macro market sentiment. Watch the $0.0000085–$0.0000098 zone and the $0.00001 threshold — plus broader crypto market cues — for clearer direction. This is market reporting and not financial advice. Read more AI-generated news on: undefined/news

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