Shiba Inu Rebounds at Key Weekly Support Level, Analyst Eyes 80% Rally

Leading meme coin Shiba Inu has touched a crucial weekly support level on the back of its recent price correctional move.

Already, Shiba Inu is showing strength around the support level, as it has in previous instances. If the token sustains this momentum, and other key factors fall in place, it could rally further to higher prices.

• Shiba Inu has touched a crucial weekly support level between $0.0000074 and $0.0000057 following the recent price correctional move.
• SHIB is showing strength around the support level, as it has in previous instances.
• If the token sustains this momentum, and other key factors fall in place, it could rally further to higher prices.
• Specifically, a rebound from the area could spark an 80% rise to $0.00001325.

Notably, analyst MMBTrader highlighted in his recent analysis that Shiba Inu just touched a crucial weekly support area between $0.0000074 and $0.0000057. The token returned to this area after its 4% correction on January 25.

The analyst further explained that this demand zone is notable for Shiba Inu, as the meme coin has aggressively defended it in the past. For context, SHIB touched the zone during its early October flash crash to $0.00000678 but rebounded massively to close higher.

Another visit to this weekly support was late in 2025, when it consolidated around it between December 18 and 31 before bouncing on January 1. While the latest support retest may not have been as rapid as that of October 10, it was not as long as the late December consolidation.

Notably, what each retest of the weekly support has in common is that it preceded a strong recovery. Shiba Inu has shown strength around this level, bouncing every time bears pushed prices to this low.

The most recent instance occurred when the meme coin rebounded from support on January 1, reaching its yearly high of $0.00001009. As a result, MMBTrader expects the same scenario to play out, driving SHIB to higher prices.

Essentially, the market watcher noted that sustained trade above this support, accompanied by renewed buying pressure, could signal a bullish reversal in Shiba Inu. However, he urged due diligence and close monitoring for bullish candle patterns and rising volume as confirmations.

According to him, the current rebound from the area could spark an 80% rise to $0.00001325. At the current market price of $0.00000778, reaching that level would represent a 72% growth.

Remarkably, this move remains the analyst’s view and is not guaranteed, as the market can swing in either direction. SHIB would also need Bitcoin and major altcoins to remain stable if it were to pull off this move.