Shiba Inu saw a strong run at 2026’s start, as it saw four days of sharp increases between Jan. 1 and 5.
In particular, the sharp surge on Jan. 5 saw Shiba Inu hit a high of $0.00001017, last seen early November, briefly erasing a zero from its price tag.
However, this was not sustained as bulls lost momentum and Shiba Inu began to decline. Since Jan. 6, Shiba Inu has concluded four days in losses and at one point in the drop reached a low of $0.00000846.
Reduced trading volumes coupled with low liquidity have led to choppy price action across Bitcoin and altcoins, with several price increases over the past few months getting reversed shortly afterward, punishing leveraged traders.
This can be due to a continued void in liquidity and market depth across the market following a major liquidation event last October, which wiped out nearly $20 billion in leveraged bets.
“Stay strong, ShibArmy”
In a recent message on X, Lucie, a SHIB team member, urges the Shiba Inu community to stay strong.
Lucie shared a diagrammatic representation of how sentiment impacts the market: “Belief builds empires while doubt leaks values,” and “panic burns portfolio and weak hands write regrets.”
At the time of writing, Shiba Inu was down 0.8% in the last 24 hours to $0.000008658, but up 9.58% weekly.
The positivity remains that Shiba Inu is holding above the daily MA 50 (currently at $0.000008), a level that had capped its price action since early October.
If Shiba Inu can sustainably hold above this level and successfully convert it into support, this might reinforce strength for the bulls. If this is the scenario, Shiba Inu will aim for $0.00001 and then $0.000011, which will erase a zero from its price tag.
