Shiba Inu has rebounded from major weekly support, and a recent analysis predicts the meme coin could soar to multi-year price highs.
Specifically, analyst MMB Trader shared in his recent TradingView analysis that Shiba Inu has shown incredible strength from a critical demand zone. During the consolidation period in the closing stages of 2025, the token revisited the $0.0000060 support.
For context, SHIB dropped to a low of $0.0000068 on December 31 amid the downtrend that began in October and lasted throughout Q4 2025. However, the analyst noted that price action respected the $0.0000068 support, and the rebound from there established a firm base for a bullish push to higher prices.
Shiba Inu Nears First Target
Notably, MMB Trader called this outcome in an earlier prediction, urging market entry at the weekly support area. Following the recent 32% pump from support to the current price, he has identified the first target to take some profit.
An accompanying chart shows that he expects the meme coin to reach its first target of $0.00001366. From the current market price of $0.0000090, this represents a 51.7% price increase.
Meanwhile, a resistance level between $0.0000104 and $0.0000110 stands between this target and the current price. Breaking above this area would put Shiba Inu on track to reach the first target at $0.00001366.
Interestingly, the market watcher expressed confidence that this would happen, noting that the strength of the rebound from the weekly support suggests the token has the momentum to reach the initial target.
What Next? A Rally to Multi-Month Price Highs
According to MMB Trader, a surge to the first target is not all there is for SHIB. He predicted a sustained growth to higher timeframe resistance levels if buying volumes rise. He further highlighted its importance, stating that an increase in volume suggests strong market participation, which would provide momentum for a prolonged uptrend.
If this happens, the commentator sees SHIB rallying to a multi-month price high of $0.00003364. Reaching this December 2024 price high would entail a 273% uptick from here. Subsequently, he predicted a further rise to $0.4753, representing a 428% increase from the current price.
Ultimately, the analyst projected a 758% rally in Shiba Inu price to a multi-year high of $0.00007730. Notably, the meme coin last traded at this price in October 2021, when it reached its current all-time high of $0.00008854.
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