- Shiba Inu rallied over 26% in less than one week after bouncing from December lows.
- Analyst Lyvo identifies clean breakout from descending trendline on daily chart.
- Technical target sits at $0.0000148 level representing 70% gain from current price.
Shiba Inu has rebounded from 2025 lows with analyst Lyvo stating the downtrend breakout suggests the token has bottomed. The analysis coincides with a price resurgence after a difficult year. SHIB has started 2026 strong, posting over 26% gains in less than one week.
The analyst characterized the uptrend as a “perfect bounce” that was needed following selling pressure that dominated prices during late 2025. Lyvo was among market watchers who predicted this recovery while prices remained depressed.
Analyst correctly predicted bounce from support zone
In a December post, Lyvo highlighted that Shiba Inu was holding weekly price support around $0.0000068. He advised purchasing tokens at that level, calling it a strong opportunity for traders. His January 4 tweet reiterated this earlier position, stating the SHIB chart properly represented a genuine market bottom.
The token’s rebound from December lows has supported the analyst’s prediction so far. Lyvo suggested Shiba Inu may have broken out of its downtrend following a 22% weekly increase. An accompanying chart identified a breakout from a descending trendline on the daily timeframe.
The neckline resistance began forming from a lower high of $0.0000148 on September 13 and prevented higher prices since that date. This pattern persisted until recently when the meme coin recorded price increases on three of the last four trading days.
SHIB rallied 7.9% and 8.8% on January 1 and 2 before a minor 0.3% correction the following day. The 8.8% advance pushed the token through the descending trendline. Yesterday’s session brought an 11.8% price increase, moving SHIB further above the former resistance zone.
Technical target points to 70% upside potential
Lyvo implied this could mark a clean downtrend breakout, establishing conditions for continued gains. While the analyst did not specify a price target, technical analysis suggests Shiba Inu could advance toward the trendline origin. This aligns with the $0.0000148 price level established in September.
From the current market price, reaching this target would require a 70% increase. The recent recovery has generated bullish sentiment among market analysts predicting further upside.
Source: https://thenewscrypto.com/bulls-take-charge-shiba-inu-breaks-out-after-perfect-bounce-target-ahead/
