The price of Shiba Inu (SHIB) is at a critical technical juncture, testing the middle Bollinger Band on the weekly chart around $0.00001006. This level, which also acts as the 20-period moving average, has historically separated periods of steadiness from vulnerability for the meme coin.
SHIB has shown significant momentum in early 2026, rising 17% over the past week and 21% over the past two weeks, marking a recovery from months of sluggish performance. Despite a recent 4.5% pullback from highs, key indicators remain bullish. The coin's Relative Strength Index (RSI) currently stands around 60, a notable improvement from being below 50 throughout October, November, and December 2025, signaling decent ongoing momentum.
The immediate price direction hinges on the $0.00001006 level. A weekly close above this middle Bollinger Band could support continued range trading or a slow grind higher, with potential targets between $0.0000100 and $0.0000115, and a stretch toward $0.0000120 if buyer momentum increases. However, the upper Bollinger Band at $0.00001392 has consistently acted as a strong ceiling, halting previous rallies.
Conversely, a weekly close below $0.00001006 could shift focus to the downside, with initial support levels at $0.0000090 and $0.0000080. A more severe drop toward the lower Bollinger Band at $0.00000619 would likely require broad market selling pressure.
Futures data presents a mixed picture: very short-term (30-minute) timeframes show net outflows, suggesting profit-taking or trader caution, while longer-term (1-hour, 4-hour, 8-hour) windows indicate positive inflows, pointing to underlying interest. The weekly MACD shows the signal line above the MACD line, indicating mild bearish pressure and a lack of strong bullish momentum for now.
Some analysts argue that SHIB, with its advantages of an ecosystem of dapps and DEXes over other meme tokens, may have just entered a growth phase that could gather steam in the coming weeks. Longer-term predictions suggest SHIB could reach $0.000010 by the end of January and rise to $0.000020 by Q2 2026.
