SHIB Eyes Move Above $0.0000080 After Bounce From $0.00000678
SHIB (Shiba Inu) has rebounded from midterm support at $0.00000678 and gained sharply — roughly 10% in the latest 24-hour period — trading near $0.00000779. Short-term (hourly) charts show a false breakout around $0.00000779 while higher timeframes highlight a key threshold at $0.00000766; a sustained close above that level could trigger a run toward $0.0000080. Earlier coverage showed SHIB trading lower (~$0.00000736) and approaching local resistance at $0.00000741–$0.00000750, with midterm support near $0.00000700 and a weekly false breakout risk. The new development is a stronger bounce from $0.00000678 and higher intraday momentum, which raises mid-January upside targets of $0.0000080–$0.0000090 if daily and weekly candles can close near or above the $0.00000766–$0.00000779 zone. Traders should watch candle closes and wick lengths at that band to confirm continuation; failure to hold could see momentum fade back toward support levels near $0.00000700 and $0.00000678. Key levels: support $0.00000678–$0.00000700; resistance $0.00000766–$0.00000779 and $0.0000080–$0.0000090 (midterm). Primary keywords: SHIB, Shiba Inu, SHIB price, SHIB support, SHIB resistance.
Bullish
The combined articles show SHIB reversing from midterm support ($0.00000678) and gaining near 10% in 24 hours, with momentum concentrated between $0.00000766 and $0.00000779. A sustained close above this band on daily/weekly timeframes would validate continuation toward $0.0000080–$0.0000090, indicating bullish short- to mid-term price action. Short-term risk remains: the hourly false breakout around $0.00000779 and prior weekly false breakout around $0.00000700 mean price can quickly reverse if buyers fail to close higher. For traders this implies a conditional bullish bias — entries and position sizing should depend on confirmed candle closes above $0.00000766–$0.00000779, with tight risk management (stops below $0.00000700 or $0.00000678) in case momentum fades.