Shiba Inu Starts 2026 With a 30% Rally — Is SHIB Setting Up a Q1 Breakout?
Shiba Inu rallied nearly 30% in early 2026, driven by sector momentum rather than accumulation, suggesting a potential Q1 breakout hinges on renewed dip buying.Summary
Shiba Inu (SHIB) began 2026 with a sharp rally, gaining nearly 30% in the first week, aligning with a broader surge in the meme coin sector, indicated by the Meme Season Index nearing 80%.
However, on-chain data suggests this rally was a sector-wide beta trade rather than conviction buying, as whale-held SHIB supply slightly declined, and significant profit-taking occurred, evidenced by a 178% jump in spent coins between December 31 and January 7.
For a confirmed Q1 breakout, SHIB needs aggressive dip buying, as the Money Flow Index (MFI) is currently drifting lower alongside price, showing a lack of demand on dips. A successful breakout requires a daily close above $0.0000091, potentially targeting $0.0000135, provided profit-taking remains low and MFI turns positive.
(Source：BeInCrypto)