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Shiba Inu price opened 2026 with a sharp rebound after a 13% jump on Sunday. SHIB broke a long stretch of tight trading and returned to $0.000009339 in early January. SHIB gained more than 30% in the first week and about 48% from December 31 lows. Traders linked the move to broader risk appetite and renewed memecoin rotation.
Bitcoin and Ethereum pushed higher during the weekend, lifting sentiment across large-cap crypto. As momentum improved, capital rotated into liquid meme tokens, and the SHIB price moved with the group. The rally followed months where SHIB often ranged near $0.000010 to $0.000012.
Price action also reflected short-term trend strength on charts. SHIB cleared key short-term moving averages, while RSI signaled strong momentum and overextension. Even so, market gauges stayed cautious, with the Fear & Greed Index still in fear.
On-chain data showed heavy supply concentration among the largest holders. Santiment data indicates the top 10 SHIB wallets control close to 63% of the supply, with one wallet near 41%. Notably, large positioning can amplify moves during both rallies and pullbacks.
Whale balances also pointed to distribution into strength rather than fresh accumulation. Whale-held supply slipped from about 667.2 trillion SHIB to 666.2 trillion since December 31, or roughly 1.0 trillion tokens. At current prices, that equals about $9 million in net whale selling.
Also Read: Shiba Inu Futures Data Signals Deleveraging as Open Interest Keeps Falling
Chain activity suggested holders took profits, then cooled their selling. Spent Coins Age Band data rose from about 268.9 billion tokens to 747.1 billion between December 31 and January 7. After that, activity fell to about 146.0 billion, matching an 80% decline.
Momentum now depends on whether buyers defend higher levels. Money Flow Index continued to drift lower, which signaled limited dip buying after the pullback. Meanwhile, mid-sized wallets holding 1,000 to 100,000 SHIB increased steadily, showing sustained short-term interest.
Shibarium metrics added a separate support layer for the Shiba Inu ecosystem. Shibarium Scan data showed rising transactions in recent weeks and repeated jumps in BONE-paid fees. Active accounts stayed below earlier peaks, but the trend remained stable.
Furthermore, technical levels offer a clear roadmap for February. SHIB needs a daily close above $0.0000091, then confirmation above $0.0000095, to strengthen a breakout attempt. Resistance sits at $0.0000100, while support holds near $0.0000088, $0.0000080, and $0.0000078.
A forecast from CoinCodex projected a move toward $0.00001079 by February 4 , which suggests about 16% upside from current levels. A stronger continuation could target $0.0000135 if money flow improves.
