- Shiba Inu surges, then dips—momentum lost after January rally.
- SHIB holds key support at $0.000008, eyeing upward targets.
- Shiba Inu community urged to stay strong amid market volatility.
Shiba Inu (SHIB) kicked off 2026 with a strong surge, captivating the crypto community with a notable rally in the first five days of January. Between January 1 and 5, the token saw a sharp increase in value, especially on January 5, when it reached a high of $0.00001017. This marked its highest price point since early November 2025, briefly erasing a zero from its price tag. However, the bullish momentum was short-lived as the market quickly corrected.
The surge was followed by a decline, with SHIB experiencing four consecutive days of losses starting January 6. The price dipped to a low of $0.00000846, showing that the earlier rally could not be sustained. Despite this, the weekly performance for Shiba Inu remains positive, with a 9.58% increase. As of now, SHIB is trading at $0.000008658, reflecting a slight dip of 0.8% in the last 24 hours.
Technical Outlook and Market Sentiment
While Shiba Inu faces a temporary setback, there is hope for the bulls. The key support level to watch is the 50-day moving average, which currently stands at $0.000008. This level has served as a significant point of price resistance since October 2025. If SHIB manages to hold above this level and turn it into reliable support, the token could regain upward momentum. In such a case, the next targets would be $0.00001 and $0.000011, potentially erasing a zero from its price tag again.
The recent fluctuations in Shiba Inu’s price come amid broader market dynamics characterized by reduced trading volumes and low liquidity. The crypto market has been experiencing choppy price action, especially after a major liquidation event in October 2025 that wiped out nearly $20 billion in leveraged bets. This volatility has affected both Bitcoin and altcoins, leading to frequent price reversals that have challenged traders.
Community Encouragement Amidst Volatility
Despite the recent dip, there is a sense of optimism within the Shiba Inu community. Lucie, a member of the SHIB team, took to social media platform X to encourage supporters to stay strong. She shared a sentiment chart, emphasizing how belief can build empires while doubt can diminish value. The message resonated with Shiba Inu enthusiasts, who are hopeful that the token can regain its bullish momentum once market conditions improve.
At this point, the Shiba Inu community remains focused on long-term growth, with some seeing the current dip as a potential buying opportunity. As the crypto market continues to navigate through choppy waters, the next few weeks will be crucial for determining whether Shiba Inu can maintain its bullish trajectory or face further setbacks.
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