- 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 a