2026-1-3 01:30 |
Shiba Inu is back in focus after a sharp move higher that surprised a lot of traders. After days of going nowhere, SHIB suddenly caught a bid, with volume picking up and attention returning to the meme coin space.
On the surface, the move looks fast, but underneath it’s being driven by a mix of sentiment, supply narratives, and a clean technical push through key levels. The bigger question now is whether this move has room to keep going, or if it’s just another short-lived spike.
The SHIB Chart Finally Starts to TurnOn the 4-hour chart, the SHIB price spent most of December stuck in a slow grind lower. Rallies kept getting sold, and the price struggled to build any momentum. That started to change once SHIB held the $0.00000680 area and began forming higher lows.
The latest push carried the price through resistance around $0.00000780–$0.00000800, followed by a strong expansion candle that briefly tested the $0.00000820 area.
Source: CoinAnkVolume rose at the same time, which is usually a sign that buyers are stepping in with intent rather than reacting to thin liquidity.
Momentum indicators back that up. RSI has moved out of neutral territory, and on-balance volume has started to curl higher, both pointing to improving demand.
Read Also: PEPE Price Is Flashing the Same Signals Shiba Inu Did Before Its Explosive Run
Burn Talk Helps Drive SentimentAnother big reason SHIB is getting attention is the burn narrative. On January 1, the burn rate jumped by more than 12,000%, removing about 173 million SHIB from circulation.
Even though daily burns dropped sharply the next day, the weekly numbers are still elevated at around 193 million SHIB.
Most traders aren’t focused on one-day fluctuations. What matters is the broader trend, and the weekly increase helped reinforce the idea of supply tightening.
Burns won’t change SHIB’s massive supply overnight, but during momentum phases, that narrative tends to attract buyers.
Meme Coins Are Catching a Bid AgainThe SHIB rally is also part of a wider move across meme coins. Pepe, Dogecoin, and Bonk have all been moving higher, which usually happens when Bitcoin dominance cools off and traders rotate into higher-risk assets.
SHIB trading volume more than doubled over 24 hours, a sign that retail interest is coming back. Social media activity picked up as well, helping fuel the momentum and pull in short-term traders looking for continuation.
What Happens to SHIB From Here?The SHIB price is approaching a decisive area close to $0.00000845, which coincides with an important Fibonacci level. A valid break through this could favor the advance toward $0.00000940, close to the December 2025 highs.
On the downside, the $0.00000750–$0.00000770 zone is the area to watch. As long as SHIB holds above it, the breakout structure stays intact. Some exchange inflow data hints that profit-taking could show up, so follow-through matters.
Currently, SHIB’s trajectory has a mix of better chart structure, meme-coin momentum, and burn-driven sentiment. How much bigger it grows depends on resistance challenges and the wider risk-on mood.
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The post Why Is Shiba Inu (SHIB) Price Pumping Today? appeared first on CaptainAltcoin.
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