Shiba Inu (SHIB), the leading meme coin, has reached a key weekly support level following a recent price correction. The token is showing renewed strength around this area, suggesting a potential rebound. Analysts note that previous retests of this support have often preceded strong recoveries.
Shiba Inu’s Weekly Support Levels
According to analyst MMBTrader, Shiba Inu recently tested a critical weekly support zone between $0.0000074 and $0.0000057. This follows a 4% price correction on January 25. MMBTrader highlighted that the zone has historically acted as a strong demand area.
For instance, during the early October flash crash, SHIB fell to $0.00000678 but rebounded sharply. Similarly, in late December 2025, the coin consolidated around this level before bouncing on January 1. The analyst noted that while the latest support retest was not as rapid as the October move, it was shorter than the December consolidation.
Shiba Inu’s defense of this support underscores its importance. MMBTrader explained that each retest has been followed by notable recoveries, indicating sustained buying pressure in the market. The most recent rebound from this area pushed SHIB to a yearly high of $0.00001009.
Potential Upside and Market Conditions
MMBTrader suggested that if Shiba Inu sustains its momentum above the support, it could trigger a bullish reversal. The analyst indicated that renewed buying and rising trading volume would confirm this trend. Based on current conditions, a rebound could drive SHIB toward $0.00001325, representing an approximate 72% gain from its current price of $0.00000774.
However, MMBTrader emphasized that this scenario depends on broader market stability. Bitcoin and major altcoins must maintain steady prices to support SHIB’s rally. Investors are advised to watch for bullish candle patterns and increased volume as potential confirmation of a continued uptrend.
Source: https://coinpaper.com/14110/shiba-inu-price-prediction-shib-eyes-80-rally-from-key-support-level
