SHIB Breaks Multi-Month Resistance: Is a 32% Bullish Rally Imminent?

Shiba Inu ( $SHIB ) is finally showing signs of life as we enter the first week of 2026. After testing the $0.0000075 support level seven times since October, the token has decisively moved above short-term EMAs, sparking breakout chatter across the ecosystem.

The Derivatives Signal
Derivatives data reveals a 20% surge in Open Interest, reaching $103.87 million. Crucially, long positions are beginning to outweigh shorts, indicating that traders are positioning for a breakout rather than a rejection. This is backed by a massive exchange outflow of 176 billion SHIB on January 3, signaling a potential supply crunch.

Targets to Watch
The immediate target is $0.0000085 (the 200-day EMA). A successful close above this level could clear the "thin resistance" zone, potentially propelling $SHIB by 32% toward the $0.00001 psychological milestone.

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