Shiba Inu has long been working its way up the radar. The crypto has been stuck at $0.000005 levels for a long time and is unable to break out of the aforementioned price range. That being said, the crypto is keeping no stone unturned to turn the rough market tides in its favor. Can Shiba Inu (SHIB) truly emerge as the new breakout asset of 2026?
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Shiba Inu: Key Events To Take Note Of
Shiba Inu has long been stuck at low price levels, keeping the SHIB army in anticipation of when the asset may jump higher than ever. The token is currently sitting at $0.000006118, dropping 1% in the last 24 hours. Despite SHIB’s low price momentum, the asset’s open interest has been surging lately, with the asset outpacing Bitcoin and XRP at its current pace.
The SHIB open interest has surged nearly 13.45% in the last 24 hours, hitting $69.79M. At the same time, the asset has established support around the 50-day simple moving average, paving a new path for the asset to score a new high.
Furthermore, Shiba Inu may soon embrace a breakthrough momentum. Per Javon Marks, the Shiba Inu chart has been displaying the asset falling off a wedge pattern, indicative of a 450% surge.
“$SHIB is now breaking out of this falling wedge-like pattern, and prices can be on the verge of another huge response. A previous breakout similar to this one led into an over 453% move, so seeing another breakout like this take place shows extreme upside potential… (Shiba Inu)”
Is SHIB a Good Purchase for 2026?
Despite the odds, per CoinCodex SHIB data, Shiba Inu is not a good purchase for 2026. The portal labeled SHIB as a neutral asset for 2026.
“Based on multiple technical quantitative indicators, the current forecast for Shiba Inu in 2026 is neutral. This could be an indication that Shiba Inu is a bad buy in 2026. However, it’s important to consider both technical factors (price history). And fundamental factors (on-chain activity and development) before making the decision to buy Shiba Inu or not.”
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