Overview
- SHIB has risen roughly 26% since the start of 2026, with price around $0.00000916 on January 6 after a 5% daily gain, according to recent coverage.
- Analysts cite a confirmed breakout from a descending wedge, with one projection flagging a potential move toward $0.000032 as a probabilistic target rather than a promise.
- Derivatives positioning skews long, with about $1.11 million in leveraged longs versus roughly $705,000 in shorts concentrated near $0.0000078–$0.00000844, raising liquidation risk if momentum flips.
- On-chain data shows the top 10 wallets hold about 62%–63% of supply and the largest holds roughly 41%, which is a burn address tied to the 2021 event.
- Signals on whale behavior are mixed, with one analysis noting fewer large wallets and more smaller holders since late November while another points to a recent uptick in top-holder concentration, and technicians highlight $0.0000085–$0.0000087 as support with $0.0000078 as a momentum risk line.