Shiba Inu (SHIB) Faces Brutal 16% Test by January 15

• Shiba Inu (SHIB) is still facing pressure as fear takes over the wider cryptocurrency market.
• Indicators say there is a weakness, even though long-term historical has been strong.
• The current support and resistance levels are the key factors for SHIB’s short-term survival.

Shiba Inu (SHIB) is facing a tumultuous market. The price of the meme coin is $0.000007844 at present, which is a decline of over 4% over the past day. Approximately $120 million is the amount of trading volume, and the market capitalization is still $4.62 billion.

The percentage of its market cap remains barely visible at 0.16%. A very negative mood prevails and the Fear and Greed Index is at 11, which means extreme fear. And indeed, this fear is reflected in the market.

Shiba Inu has not experienced anything new so far. The asset has been through long winters and surprising summers. SHIB hit its all-time high of $0.00008819 in October 2021. Previously, it had been trading just above zero. The increase was extraordinary. The drop after that has been gradual and significant. The prevailing mood is that of a bear market and the technical analysis confirms it.

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Shiba Inu and Weight of History

The circulating supply of Shiba Inu is 589.24 trillion tokens. The market has already acquired a large part of the total supply. The inflation rate is at zero. The number of tokens in existence today is actually less than what it was last year.

Nevertheless, the price continues to have a hard time. This makes the situation very clear. The mere presence of supply is not enough to bring a market to life.

The data is double-edged. Shiba Inu was incredible in performance among all crypto assets during the year 2021. It was a total surprise to the market. However, the coin was also very harsh in the beginning.

The worst year of the coin’s life saw a drop of 95%. Volatility is one of the characteristics of the dog-themed coin. It flourishes with the adoption of the community. It dies down when the interest is gone.

In terms of seasons, Shiba Inu’s performance is at its peak in the first quarter. The third quarter marks its lowest performance. This cycle has been repeated many times. Currently, the market is experiencing a situation where it is torn between nostalgia and fear.

Shiba Inu Technicals Signal a Tight Range

Technical analysis keeps a wary eye on the market. The last 30 trading days had only 11 winners among them. Market fluctuations continue to be tamed at 3.66%. The RSI indicator shows a value of 39.55, which is neutral but slightly weak. There is no sign of a comeback in momentum.

Similar results are shown by the moving averages. The 200-day Simple Moving Average is probably going to go down to a level of $0.00001121 on the price chart during the time period around mid-January 2026. The short-term 50-day SMA can show a small upward movement, but it will not be sufficient to cause a change in sentiment. The bulls are there, but they are not very active. The bears are still in charge regarding the overall market atmosphere.

Support is located about $0.00000719 and resistance is just above at $0.00000869. As long as neither side gives way, Shiba Inu is expected to move sideways.

Predictions indicate a slight increase of approximately 16% by the beginning of 2026. This is not a significant rise. It is rather an effort to regain lost ground.

Shiba Inu continues to be the subject of trading activities on 118 exchanges overall. There is a presence of liquidity. There is a presence of interest. But there is a lack of conviction. At least for the time being, SHIB is not after the fame, instead, it is holding its ground.

Also Read: Shiba Inu Poised for Explosive 1000% Surge Ahead