SHIB Breaks Year-Long Downtrend as Trading Volume Surges 35%

2026-01-05 19:21:12

Source: CoinEdition Original Title: SHIB Breaks Year-Long Downtrend as Volume Explodes Entering 2026 Original Link:

Overview

SHIB jumped over 16% in a week as trading volume surged 35%
Top 10 SHIB wallets hold 63% of the supply, with the largest wallet holding 41%
The price broke a long-term descending channel that capped SHIB since mid-2024

Shiba Inu (SHIB) opened 2026 with a sharp price jump, climbing more than 16% over the past week and nearly 4% in the last 24 hours, according to CoinMarketCap data.

SHIB is trading near $0.0000087 after daily trading volume surged roughly 35%, a clear shift from the low-liquidity conditions that defined most of 2025. However, on-chain data has revealed that the top wallets continue to accumulate.

The 10 largest SHIB wallets hold nearly 63% of the supply. The largest wallet holds approximately 41%, currently worth around $3.3 billion.

Meme Coins Making a Comeback?

Following the price surge, SHIB broke above a long-term descending channel that has capped SHIB price action since mid-2024. Sellers controlled every rally for months. The structure failed this week as the price pushed above the channel resistance.

While Bitcoin and other altcoins gained modest momentum, SHIB and a few other meme coins exploded. In the past week, DOGE is up 19%, PEPE is up 64%, BONK gained 46%, and PENGU rocketed 33%.

SHIB, currently ranked 25th by market capitalization, benefited from the capital rotating from BTC and other altcoins into meme tokens.

SHIB Price Analysis: What’s Next?

As per the daily chart below, SHIB is trading between $0.0000089 (0.786) and $0.0000084 (0.618) Fibonacci levels. Once the price crosses the 0.786 level, resistance sits near $0.0000095, followed by $0.0000111, which lines up with the 1.618 Fibonacci extension and a former consolidation zone.

A clean push above that area would open the path toward $0.0000139, a level that previously acted as support before the 2025 breakdown.

On the other hand, failure to hold above $0.0000081 risks a return into the prior range, with bearish pressure increasing below $0.0000074. As long as the price stays above the broken channel, bulls retain short-term control.

SHIB-4,01%

DOGE-3,15%

PEPE-2,48%

BONK-3,34%

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