'Stay Strong' Shiba Inu Team Member Speaks as SHIB 2026 Rally Stumbles - U.Today

SHIB6,05%
BTC1,14%

Shiba Inu saw a strong run at 2026’s start, as it saw four days of sharp increases between Jan. 1 and 5.

In particular, the sharp surge on Jan. 5 saw Shiba Inu hit a high of $0.00001017, last seen early November, briefly erasing a zero from its price tag.

However, this was not sustained as bulls lost momentum and Shiba Inu began to decline. Since Jan. 6, Shiba Inu has concluded four days in losses and at one point in the drop reached a low of $0.00000846.

Reduced trading volumes coupled with low liquidity have led to choppy price action across Bitcoin and altcoins, with several price increases over the past few months getting reversed shortly afterward, punishing leveraged traders.

This can be due to a continued void in liquidity and market depth across the market following a major liquidation event last October, which wiped out nearly $20 billion in leveraged bets.

“Stay strong, ShibArmy”

In a recent message on X, Lucie, a SHIB team member, urges the Shiba Inu community to stay strong.

Lucie shared a diagrammatic representation of how sentiment impacts the market: “Belief builds empires while doubt leaks values,” and “panic burns portfolio and weak hands write regrets.”

At the time of writing, Shiba Inu was down 0.8% in the last 24 hours to $0.000008658, but up 9.58% weekly.

The positivity remains that Shiba Inu is holding above the daily MA 50 (currently at $0.000008), a level that had capped its price action since early October.

If Shiba Inu can sustainably hold above this level and successfully convert it into support, this might reinforce strength for the bulls. If this is the scenario, Shiba Inu will aim for $0.00001 and then $0.000011, which will erase a zero from its price tag.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Over 6.3 Billion SHIB Shorts Liquidated Amid Market Imbalance - U.Today

Shiba Inu saw a price rebound to $0.00000575 after a recent sell-off, rising 5.47% and liquidating significant short positions. Market optimism is growing, with broader trends indicating potential consolidation and upcoming economic data influencing investor sentiment.

UToday2h ago

Shiba Inu Exchange Supply Nears Key 80T Threshold as SHIB Weakens

Key Insights Shiba Inu exchange reserves are near the historic 80 trillion token level, leaving only 500 billion tokens before a major supply shift. Large SHIB supply on exchanges continues to pressure price movement as

CryptoFrontNews3h ago

SHIB Price Drops Despite 53,000% Burn Increase — Understanding the Disconnect

Burn Impact: 172 million SHIB burned reduces supply by 0.00003 percent, too small to move price. Market Pressure: Bitcoin retreat drags SHIB lower despite burn spike and headlines. Technical Signals: Price tests $0.00000545 support; break below $0.00000530 could trigger further

CryptoNewsLand6h ago
Comment
0/400
No comments