The post Shiba Inu Breaks Higher From Weekly Support; Analyst Maps Ultimate Target appeared on BitcoinEthereumNews.com.

Altcoin News Shiba Inu bounced from $0.0000068 weekly support with 32% rally to current levels. Analyst MMB Trader identifies first target at $0.00001366 representing 51.7% gain. Multi-month price high target sits at $0.00003364 requiring 273% increase ahead. 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…

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Filed under: News - @ January 8, 2026 4:28 am