Shiba Inu Breaks Higher From Weekly Support; Analyst Maps Ultimate Target

TheNewsCryptoPublished on 2026-01-07Last updated on 2026-01-07

Abstract

Shiba Inu (SHIB) has rebounded from its key weekly support level around $0.0000060, with analyst MMB Trader predicting significant upward movement. After hitting a low of $0.0000068 in late December 2025, SHIB has already risen 32% to $0.0000090. The analyst identifies an initial profit-taking target at $0.00001366, a 51.7% increase from current levels, though it must overcome resistance between $0.0000104 and $0.0000110. Further sustained buying volume could propel SHIB to higher timeframe resistances, including a multi-month high of $0.00003364 (a 273% gain) and even $0.00004753 (a 428% increase). The analyst emphasizes that continued market participation and volume expansion are crucial for achieving these extended targets.

Shiba Inu has rebounded from major weekly support levels with analyst MMB Trader predicting the meme coin could climb to multi-month price highs. The token revisited the $0.0000060 support zone during the consolidation period in late 2025, establishing a foundation for upward price action.

SHIB dropped to a low of $0.0000068 on December 31 amid a downtrend that began in October and persisted throughout Q4 2025. MMB Trader noted in his TradingView analysis that price action respected this support level. The rebound from this zone established a firm base for a bullish push toward higher resistance areas.

Analyst identifies initial profit-taking level

MMB Trader called this outcome in an earlier prediction, advising market entry at the weekly support zone. Following a 32% pump from support to the current price, the analyst has identified the first target for profit-taking activity.

The accompanying chart shows expectations for the meme coin to reach an initial target of $0.00001366. From the current market price of $0.0000090, this level requires a 51.7% price increase. A resistance zone between $0.0000104 and $0.0000110 stands between the current price and this target.

Extended targets point to multi-month highs

MMB Trader stated that a surge to the first target is not the end of SHIB’s potential upside. The analyst predicted sustained growth to higher timeframe resistance levels if buying volumes increase. Rising volume would indicate strong market participation, providing fuel for a prolonged uptrend.

If this scenario materializes, the commentator sees SHIB rallying to a multi-month price high of $0.00003364. Reaching this December 2024 peak would require a 273% gain from current levels. The analyst predicted a further rise to $0.00004753, representing a 428% increase from the current price.

These extended targets depend on continued buying pressure and volume expansion. The analyst highlighted volume’s importance, stating that increased participation suggests strong market engagement. This would provide the momentum needed for SHIB to push through multiple resistance zones on its path toward higher price levels.

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